Apple is the sight for sore eyes today, let me tell you. For sure, the world has gone crazy, but some of the craziness is having the best effect on our favorite assets. And Apple is surely one of these assets for today.
It is well-known – trade talks are still ongoing. And we need to be on high alert for every move the talks make. And today we are learning that American and Chinese officials held a phone call over the night in order to discuss the future of the negotiating process, of course this only increased our interest in the talks and some assets got a boost. And it is safe to say that the whole of American stock market is booming with the hopes that the talks might be over pretty soon.
Apple is just under that very spell, no doubt. Most of the company’s production is still in China, even despite one of the plants opening in Texas. That is why both sides of the deal reaching an agreement is very important for Apple and for those who hold its shares. Any hope given and momentum reached results in the surge for the stock. And that is Apple’s situation for today.
If you are not sure that the momentum is going to be saved as soon as the markets open, use your trading signals.