There is a lot of Apple news to chew on Wednesday.
The risk is particularly outsized given China represented almost 20% of total revenue for the company in 2018.
I'm still looking for a 'sell the news' reaction to occur as we hear about the trade negotiations with China.
As much as Apple CEO Tim Cook highlights the shift to services, the segment is not without issues.
Cook's appearance with Jim Cramer on "Mad Money" is helping Apple's shares maintain recent gains that followed a sharp decline.
I have cut a number of positions into China trade news and my timeframe is short.
Market participants are smart enough to know by now that when one must venture across thin ice, one does not linger.
Expect a very strong market open, propelled by a squeeze of overly anticipatory bears and shorts. Watch for 'sell the news' conditions.
While China appears to be suffering particularly sharply from the effects of tariffs, the U.S. economy is also slowing down.
It's likely that investors will be closely watching the U.S.-China trade talks to see if the skies brighten longer term.