Apple Trading Is Nuts
Everyone seems to be looking for the fade.
I mean, why not? Just about every gap up the last few weeks has been faded into the afternoon. That is exactly what scares me. This tends to be a fairly good week for the bulls, so I would be hesitant to get overly bearish until late Wednesday perhaps. Again, rumors of fiscal cliff resolutions are pushing us higher. Why solve it until the last minute? Keep pushing out rumors of a compromise or a solution and traders will keep pushing equities higher. I do expect this to be resolved, but it may take us going over the cliff for a final resolution to be made. Even if that is the case, I expect it to come quickly after the new year, if we don't see something in mid-to-late December....280 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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