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MRKT Call: Stock Market Rally Stalls

RiskReversal Pod

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The Nasdaq Futures Chart: A Breakaway Gap to the Upside

Apple has been effectively trading sideways for six or seven trading sessions. If in fact, this stock were to gap open lower at a certain point over the next week or so, that sets up for an extraordinarily powerful technical signal. The Nasdaq future is going to check back, I think, to 13, seven, five on Monday morning. Google is still up, Amazon is still up. And if you wanted to play, some of the big leaders, this is Apple, this is Nvidia, this is Microsoft that's down on the day today.

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