Just like in the baseball story about the hero Casey, Apple has let down millions of faithful investors. The guidance warning by Apple and the corresponding $16 drop may have pushed the indexes over the edge on Thursday but it was weakness in China and a sudden drop in US economics that added some speed to the decline. The ISM Manufacturing Index for December fell sharply from 59.3 to 54.1 and the lowest level since late 2016.
The weak PMI from China, weak manufacturing in the US and sharply declining demand for top of the line smart phones, put the fear of falling into investors and they fled to safety of the sidelines.
Stop Loss Updates
Check the graphic below for any new stop losses in bright yellow.
We need to always be prepared for an unexpected decline.
Check the graphic below for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
Current Position Changes
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
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BEARISH Play Updates
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