Bye again, 600. See you soon?
The broader markets tried to rally – and AAPL outperformed for the early part of the day – peaking slightly over 604 – before it, too, couldn’t escape the selling pressure affecting most stocks comprising the S&P and NASDAQ.
With AAPL back to acting high-beta for the moment (after a huge 80-point move, which could leave it “more vulnerable” to downside momentum given the current market context, we’ll see), and the markets navigating a range in very unpredictable fashion, this could be a trickier week than usual. Well, let’s have a look at a few charts anyway. Continue reading