AAPL
Severely oversold here on the RSI indicator and each time it’s been this low we’ve rallied.
Apple is the number #1 stock in the U.S. equities so if this name continues to fall and stay oversold then the market will very well continue much lower during this pullback.
Those who don’t want to buy shares or calls on Apple stock can look at the leveraged version AAPB which I’ll post below.
AAPB
This leveraged name looks good for at least a re-test towards $22 which would be a 10% move to the upside. Each time there is higher volume on this leveraged stock as well it seems to be involving accumulation or catipulation.
TLT
Huge move to the upside since bottoming out in the 80’s .. there are going to be a lot of headwinds with the bonds and this name specifically until we get clear direction from the FED.
On the chart, I labeled out when we opened position(s) in our portfolio.
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