Whats happening with AAPL

Two words: Conference Bounce.

Tim Cook blew a lot of sunshine up everyone's arse about the new Iphone and the real big IPads and the Apple Watches. Nothing particularly innovative unless you are a Dick Tracy or Harry Potter fan. Moving pictures on the Iphone and a 2 way wrist radio watch? Not enough.

But the Job-esque conference with Tim Cook on stage did breathe some life and hope back into the stock. While the market coils back waiting for the fed decision, Apple's stock has started a tentative climb.:

As you can see Apple, on the left is starting to come out of a channel and climb. QQQ, on the right, is currently in a coiled spring. This is the difference between an ETF and a single stock. Apple has some heat on it, things changed after the Cook presentation. However, if the Fed rate thing goes the wrong way for the market, both APPL and the QQQ are going to have a significant drop and reset before they start climbing again. We wait with held breath until Thursday.

Tradinginsider