Going through today’s hybrid movers, one can’t help but recognize the same pattern throughout the list. Will today’s strength and further consolidation lead to bear flags? That’s the million dollar question.
I’m using AAPL as my guide here, and let’s just say I’m not inspired to buy here as AAPL is hitting the lows of the day.
I’ve traded environments like this in the past. The key for traders, especially new traders, is to limit mistakes. You have to exhibit patience at a time like this. Sit on your hands, go eat a sandwich, go do some yard work, do something productive. But, don’t, I repeat, don’t sit here and try to trade tick for tick unless you’ve had some experience in doing so.
I wish I had a top pick to bring you today, but I don’t. Cash is your friend, and if you raise cash, don’t be in such a hurry to deploy it back into the market. Let’s find our footing first. And, so far, in my opinion, AAPL has yet to find it’s footing.
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Don’t worry, there are 10’s of millions of iFans out there that will buy anything APPL produces, even if it is inferior to other products.
Like the old-fashioned Tinder of yore, the app will show users the face of a potential date. But instead of swiping right or left, the Apple Watch will detect whether your heartbeat increases or decreases — and will use that as an indicator of your interest.