Hello traders everywhere! Adam Hewison here, President of INO.com and co-founder of MarketClub with MarketClub TV for Wednesday, the 23rd of January.
After the bell today, Apple reports its fourth-quarter earnings and it could be a surprise. The stock is very close to its recent lows of $488, which represents a 61.8% Fibonacci retracement from the highs around $700 a share.
Can Apple regain its mojo? Will a perceived poor earnings report overcome the current negative attitude that has driven this stock down to the basement?
Any rally in an Apple surprise should be viewed as a "dead cat bounce" in a longer term downtrend. The waiting will be over after the bell.
In today's MarketClub TV show, we will be covering Apple, Coach, Google, Facebook, and many more stocks.
Enjoy the show!
Have a great trading day,
Adam Hewison
President INO.com and co-founder of MarketClub
