Bears Keep Focus on Apple
Apple (AAPL) is holding in positive territory and is helping to keep the indices in positive territory so far, but it is very choppy action out there. Market players are very watchful for a reversal and are hitting the eject buttons at a faster pace when something stalls a little. We still have good underlying support, but there are growing concerns about being caught in a fast reversal.
Once again, the bears are very focused on AAPL and are looking for broader market weakness to finally kick in should the stock reverse and go red. The problem with that thinking is that other groups have been stepping up and today it's the financials that are helping to keep a bid under this market. Breadth is slightly negative with oil, retail and solar energy lagging....155 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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