Could Apple (AAPL) Lead The Next Market Surge?

The markets are consolidating again in a bullish manner. Even at recent highs, the markets appear to want to charge higher again. Many people are wondering what the catalyst will be? Will it be the Federal Reserve, earnings, economic data? The charts tell us that if the markets are going to charge higher, Apple Inc. (NASDAQ:AAPL) will lead the way.

This makes perfect sense. Former darling Apple is holding a major technical level on the daily chart but has yet to bounce hard. The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has lagged this massive rally and catch up may be on the horizon. Any mild spike higher on Apple will ignite a ton of short covering as well. This will extend the Apple move to possible $485-$500.

The charts show a strong possible solid move coming in the markets. Apple will likely head this charge to new all time highs on the S&P 500.

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About Gareth Soloway 168 Articles

Affiliation: InTheMoneyStocks.com

Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form InTheMoneyStocks.com. Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

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