Wednesday Market Wrap

If you look at all the the four major indexes they all pulled back to rising 10 day moving average support.  The ugly candle of the day goes to AAPL. It sold off over 4% on monster volume.  You can blame curved displays.

 Samsung unveiled Galaxy Note 4 and Galaxy Note Edge 4, which has a curved display.  If this is why AAPL dropped 4% then I think it was an overreaction. You have to respect the volume but give me a break.  Anyone have a curved TV? Thought so.


I took a little more off the table today and actually took two very small losses in UBNT and MDVN.

ARWR continued higher with the help of a very high volume breakout.  The stock tagged April highs then backed off a little.


See you on the morning.

Previous Post
Tuesday Market Wrap
Next Post
Thursday Market Wrap

Recent Articles