Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Tuesday, the 29th of October.
It was both good news and bad news yesterday for Apple (NASDAQ:AAPL). Apple beat earnings, but it was not enough for some analysts who fretted over the fact that the Apple’s margins had shrunk from previous quarters. I say, you can’t please everyone all the time and maybe analysts were putting too fine a point on this. The trend in Apple is higher technically and I'm still looking for a move to the $580, or possibly the $600 level.
Last month Apple closed out at $476.53, and is up over 10% for the month of October. I still believe Apple is headed higher and that belief is backed up with the Trade Triangle technology. All systems are go for this stock. Continue reading "Why UPS Could Be A Big Winner This Quarter"