Markets Try To Roll, Apple Keeps Them Up

The markets are attempting to roll over in into lunch. The SPDR S&P 500 ETF (SPY) hit a new 52 week high in the first hour of the trading day at $140.45. Since that point it has fallen nicely. The SPY is now trading at $139.93, -0.13 (-0.09%). While the markets are fractionally lower, they cannot fall further due to Apple Inc. (NASDAQ:AAPL).

Apple makes up a huge percentage of the overall market. As long as this stock is strong, the markets cannot have any significant rollover. Apple is currently trading at $581.88, +13.78 (+2.43%). Once Apple rolls over, this market will follow.

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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