Tech got wrecked, but chart analyst sees opportunity in Apple

By Keris Lahiff, CNBC This week's tech wreck hasn't deterred TradingAnalysis.com founder Todd Gordon from his bullish bet on Apple. "You don't see the decline in Apple that we've seen in the Nasdaq," Gordon said on CNBC's "Trading Nation" on Thursday. "You can see this shelf of support is really holding in Apple just around the $215 mark so I...

The Market’s at a Major Fork in the Road

If the bulls are going to make a stand and bring an end to the steep selloff, this is where they've got the best shot at doing so. The past several days have been rough for the broad market, though none of those days was as dramatically bad as Wednesday's drubbing. The S&P 500 lost 3.3% yesterday… the worst single...

Weekly Market Outlook – Close, But No Cigar (Yet) For The Bears

Most traders recognized the market was overbought and ripe for some profit-taking at the beginning of last week. Most traders, however, didn't appear to think it would actually happen. Last week, the S&P 500 lost almost 1.0% of its value… the worst week since June. And yet, as rough as last week was, it wasn't devastating. The market took a...

Weekly Market Outlook – Close, But No Cigar (Yet) For The Bears

Most traders recognized the market was overbought and ripe for some profit-taking at the beginning of last week. Most traders, however, didn't appear to think it would actually happen. Last week, the S&P 500 lost almost 1.0% of its value… the worst week since June. And yet, as rough as last week was, it wasn't devastating. The market took a...
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