etfmsolutions: Waiting on APPLE and BABA......10.26.15

Monday, October 26, 2015

Waiting on APPLE and BABA......10.26.15

Volume was only 50% normal today and a little pullback was expected after Friday's surge. Eyes are on Apple and BABA earnings out tomorrow. Apple was downgraded today and lost almost 3% but if earnings are strong all will be forgiven. BABA was on a tear today, far outpacing the FXI China index and if earnings come in above consensus it could become a real runner with a lot of upside potential. Here's the closing view from M3.

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