
"Apple (AAPL) is still an iPhone company," says one of the more bearish Apple analysts on Wall Street. It's hard to argue with what Pacific Crest analyst Andy Hargreaves penned in the wake of WWDC. Apple's new HomePad is kind of sexy to look at, as TheStreet's tech team points out. But, is it game-changing? Not exactly. The darn thing needed to have a screen at the very least like the one from Amazon (AMZN) . The Apple Watch is still the Apple Watch -- a product with so many holes in it. If anything, the coolest thing Apple divulged at WWDC was its iOs updates. Apple shares closed up slightly at $154.45. All of which brings investors to this point in time. Should Apple not dazzle with its iPhone

It isn't panic, but a sense of concern has become evident in the stock market. The Volatility Index (VIX) is up over 7% this week, while gold is up about 6% over the past two weeks. Crude oil prices have reacted to renewed tensions in the Middle East and the SPDR S&P Metals and Mining ETF (XME) looks like it may have formed a triple bottom on its chart. The way to position for, or to play a potential shift in investor sentiment, may be in the precious metal and the gold mining stocks. The weekly chart of the SPDR Gold Shares ETF ( GLD) shows the fund breaking below a long term uptrend line in September in 2016 and dropping 17% into the end of the year. That low turned out to be the bottom of
The market's reversal on Friday has one technician warning of a possible "wake up call" for bulls. In an interview last week with CNBC's "Futures Now," T3 Live chief technical strategist Scott Redler presented one chart that suggested a move up to 2,470 for the S&P 500 Index (INDEX: .SPX) before the end of June. According to Redler, the index had managed to stay above the 8-day moving average trendline even on shallow drops, which at the time led him to predict that more highs were ahead.