Scrambling for All-time high
U.S stock market gunning for higher level as Hurricane Irma and North Korea issue abated. The stock market jumped on Monday, and it seems Tuesday leave out more room upside. The focus of today trading is technology sector where Apple (NASDAQ: AAPL) scheduled to release iPhone 8.
AAPL up nearly 1% from $161.50 to $163.1 in the pre-market trading session. There is talk around the market that AAPL will release the phone with around $1,000 price. Presentation set to run from 1 p.m. Eastern.
Dow Jones Industrial Averages (INDU)
DJIA found support at the red trend line and made a gap bounce on Monday trading session. Currently, the index futures up 56 points and indicate more strength today. The gain mostly contributed by strength in AAPL shares which scheduled to release iPhone 8 today.
Coca Cola (KO)
KO is in a healthy uptrend, and the share prices continue to print new yearly high. There is nothing to stop the upward movement yet as the share prices move past previous highs. However, if the share prices retreat from the current level, traders will find opportunity when it hit $46.00 or the bottom of the channel.
NFLX is the talk in the previous earnings result as the company reported *boom* in its subscriber base. The result keeps going strong earnings after earnings result, and the share prices also continue upward. It is only a matter of time we see another record high in the share prices.
The question to ask at the current time is. Will NFLX continue upward inside or outside of the white channel?
BEN – The share prices slide below daily SMA 200 and risk a trend change into bearish.
WEN – Initial bounce from daily SMA 200, might head higher.
DAL, HAS – Testing the daily SMA 200 from below.