why todays apple action changes nothing

aapl15

All we learned from todays action was that the stock was not ready to breakout. Lots of speculative players and “emotional” trading really just means that we need to see a second day of price action to determine if the initial bearish reaction is going to stick for more than just a day. Most importantly we need to see a break from this pattern. President Obama’s address on Syria combined with China Mobile meeting tonight should keep the volatility train rolling into tomorrows session.

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Evan Medeiros

Evan is the founder of the Trade Risk. With 20+ years of coding experience and a B.S. in computer science, Evan brings a systematic discipline to investing in the stock market.

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