To gain an edge, this is what you need to know now.
The Magnet
The prior high is acting as a magnet. Traders are buying in anticipation of a new high.
Apple Dirty Deal
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The Morning and Afternoon Capsules are about the big picture and not about individual stocks unless an individual stock is significantly impacting the market.
- Today there is aggressive momo buying in Apple (AAPL) stock.
- The momo buying in AAPL stock is triggered by the disclosure of a dirty deal that AAPL negotiated with China.