One market leader that is actually holding up really well is AAPL … price is actually above the price of May 2nd when its weighting in the NDQ was slashed to 12%. Currently it looks like momentum is regenerating power to allow it to break out of the bull flag pattern ($351 is the break-out price).
I am long AAPL and am using the 50EMA as my stop … My target is for a new all-time high and hopefully either of the 61.8% or 100% pattern target of $367.35 – $380.70.
3:20pm Edit … I also added some $340 calls with this Friday's expiry to my long position as well
Cheers … Leaf_West
