We have good news on China trade, healthy technical patterns in the indices and a positive open.
But whether the Chinese will make concessions will remains to be seen. So far, they have not given an inch, and they have the most to lose.
The long road that saw most technology and other growth stocks far outperform more mundane issues may have finally come to an end.
By dropping the iPhone price and coming in low on Apple TV+ and Arcade pricing, the firm is aiming to steal market share from competitors.
The market moves to a short-term overbought condition on Thursday, breadth has been positive, and the intermediate-term indicators are still positive, so I expect a dip or a pullback, and then we rally again.
Apple appears to be wagering its new services will boost ecosystem stickiness and drive hardware upgrades.
Momentum stocks stabilized Wednesday, and buyers rushed to put money to work in 'safe' plays like Apple, and some small-cap names.
While politicians, media and government agencies take aim at tech giants, understand that these are the ones helping keep our nation strong and innovative -- and have the love of the people.
I like the risk-reward on this options trade.
Let's check the latest charts and indicators.