Apple traded up almost $14 only close lower on the day. The stock led the S&P500 and other major indices off their highs of the day to cut their intraday gains in half. The Russell gave up almost a 2 percent gain to close down for the day.
Apple has been trading very poorly after the earnings pop last week. It could be just consolidating the large gains for the year or…..it could be some of the big players getting out before taking the summer off. We’re always nervous. Stay tuned.
(click here if chart is not observable)