The situation in Europe is starting to get a little dicey. This could create problems for the stock market…given how expensive and overbought that it has become.
The Treasury market is testing a key level. If this level is broken, it’s going to be extremely important for the bond market overall…and will have major implications for the fixed income asset class.
The rally in AAPL to a new all-time high will be quite bullish on a technical basis for the stock (assuming it doesn’t reverse quickly). This will be true if one other Mag 7 stock also see more upside follow-through (and we’re not talking about Nvidia).
Two key tech stocks stand at critical levels on a technical basis this week (NVDA & AAPL). How AAPL answers the, “Where’s the beef” question…should play an important role today.