Intraday Market Thoughts

New Highs but Beware of these 3 Points

by Ashraf Laidi
Aug 19, 2020 18:25

Twenty minutes before the upcoming release of the July FOMC meeting, and 12 hrs after the S&P500 hit new highs...and 1 hr after Apple cap hit $2 trillion, it is worth pointing out that Apple shares are displaying something (technically), which has not been seen since spring 2012 and autumn 2009. I started today's Premium video with these rare dynamics in Apple, followed by the questionably low participation in the S&P500, and finally updating my call on gold, silver and USD pairs. 



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