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This Apple Chart Will Help Us Evaluate the Broad Market the First 2 Weeks of May | |
It's the first trading day of May, and all eyes are on this week's Federal Open Market Committee interest rate announcement at 2 p.m. ET on Wednesday, and Apple Inc. (Nasdaq: AAPL) earnings on Thursday after the close. Both will be important, but given the size of Apple and its recent move into the financial market with its high-yield savings account, I believe it will have a significant impact on the perceived short-term strength or weakness of the broad market. I'm using the following levels on this weekly chart of Apple for the first two weeks of May to help me evaluate the rest of the broad markets — both nationally and internationally. | |
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Celeste Lindman Celeste Lindman Trading If you haven't already, join my Telegram channel here for frequent trading insights and market musings! *This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.
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