Courtesy of David of All About Trends
One’s time today may be better spent in the malls working on that Christmas list given what we are seeing in the two charts below:
Next week is a holiday week and traditionally an upward bias, but with that comes low-volume holiday trade. AAPL is one to watch as it’s been awful quiet the last few weeks and if they want to pop the indexes all they have to do is pop AAPL.
Let’s take a look at the chart:
As you can see, it’s consolidating at the highs, in a tight, narrow range. Very constructive action.
We already own the stock but we’ll take a look at some January in the money calls on it.
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