AAPL was story of the day | stockbee


AAPL was story of the day

Market continues to act well. The underlying buying pressure is good. There was little bit of profit taking on AAPL. AAPL has rallied after missing earnings in anticipation of new products. Prior to the launch there is some nervousness and profit taking. AAPL being such a big component of Nasdaq 100, it had effect on that index.

Now all eyes are on Fed and that will be next big catalyst for the market.

On the ETF front one of the ETF worth looking at is UGAZ . It is trying to bounce back after a pullback. The natural gas futures were up 5% yesterday. If it gets going it might take out previous high near 40.

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