Apple has been a ride recently, but then again, what hasn't.
First it popped it's head up and out, which was shortly lived.
Then it fell below the major trend line.
Now it's back above, with improved RSI levels.
The broader market looks neutral, on its trend line and showing a little buying power today.
Election nearly over, will have a certain amount of money wanting to get in early.
Earnings come out later today. Not much has responded well to earning in this quarter, due to the ongoing environment were in (Covid cases in Europe and election).
10yr Yeild up today 4.5%. I'm cutting back on the hedged positions and holding Apple.
First it popped it's head up and out, which was shortly lived.
Then it fell below the major trend line.
Now it's back above, with improved RSI levels.
The broader market looks neutral, on its trend line and showing a little buying power today.
Election nearly over, will have a certain amount of money wanting to get in early.
Earnings come out later today. Not much has responded well to earning in this quarter, due to the ongoing environment were in (Covid cases in Europe and election).
10yr Yeild up today 4.5%. I'm cutting back on the hedged positions and holding Apple.
It's quite concerning. I'll be looking for a new hedge tomorrow.
I have seen Qualcomm, that might be my next idea. Stay tuned...