February 19, 2020

Why $AAPL Will Be Our Leading Indicator Near Term $QQQ

The Nasdaq has been on a tear and the markets have shaken off the concerns of the Coronavirus. Look at $AAPL for example. The stock was knocked down in premarket trading and has rallied since their lows of yesterday. Even as the tech conglomerate basically warned investors they will fail to meet expectations, it became an immediate demand play for the short term buyers and investors. If $AAPL swings to new all time highs, we could easily see the company help propel the markets higher into the stratosphere. If $AAPL drags lower, well we know it can drag the markets with it. I feel it is a must to keep an eye on this stock closely in the near term.

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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