The chart below was the quiz yesterday, which had a very interesting pattern and was in the news…BIG-TIME (Hint, Hint)


Below is the answer to the quiz that hundreds of viewers received yesterday.  I was focusing on the potential upside breakout yesterday and with the resistance line breaking earlier today, I thought I should get the answer out a day early.


Apple remains inside of a quality rising channel and so far has held well around the $360 support line. As I shared yesterday, I would follow the breakout and put the stop just below the recent breakout line.  Wouldn’t bet the farm on the breakout, yet a 5-10% sized position with a tight stop is worth the shot.

Thanks for the massive response to the quiz.  Most said they would follow the breakout and about a third of the responses picked up that it was Apple.  Most common incorrect answer was the “Dollar chart turned upside down!”  I don’t know why anyone would think I would turn a chart upside down, do you?  😉

For those in the northeast… I am thinking of you and praying for the best outcome possible. 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past