27Jan3:34 pmEST
Chinese Apples
There is never just one...Apple.
I expect more firms which have been harping on growth in China in recent years to follow AAPL's lead now, especially the likes of Nike and other firms which have enjoyed steep, multi-year uptrends.
Overall, stocks have been in a sloppy, sideways range since last week's reversal. Risks are still elevated all the way around, across all markets.
But short-term trade can be plucked here and there for the agile.
In the final thirty minutes of trading today, I am looking to see if bulls can reclaim $100 on the IWM and $189 on the SPY, some near-term battleground levels.
Crude oil had a good reversal higher earlier, but has not yet sealed the deal on a confirmed bottom, even for a few days, just yet.
More after the bell in my full recap for Members and the shorter one, here.