Apple was strong most of the day even as the Dow was down almost 200 points. It really took off around noon and led the overall market higher.
We noted yesterday that Apple is becoming a “safe haven” equity play after the Facebook fiasco. The new poster boy of good behavior for investors.
Apple was strong all day even with the Dow down almost 200 points. We had a sense a big rebound was in the works. The opposite of yesterday where Apple was weak and the market strong only to give up the ghost into the close.
Watch that pattern, folks. Today it was bankable.
(click here if chart is not observable)