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Why Worry Wednesday?

Still at those highs . Trump is determined to go out with a bang so he can blame any market crash on Biden and all the stops are being pulled out to keep things afloat.  The Nasdaq was at 5,000 when Trump took office and now were up at 12,000 but it's a great short this morning ( /NQ ) at the 12,000 line as Apple (AAPL) just announced they will be cutting App Store fees by 50% (to 15%) for most developers . That's going to take a bite out of earnings potential as it shows that, like NFLX, AAPL can't just keep raising rates to generate more revenue – eventually you do get blowback.  In Apple's case, they are in court with their clients as well as the Government over their billing practices.   If AAPL goes down from it's current $2Tn Market Cap – it will certainly take the Nasdaq with it so we're shorting the 12,000 line on /NQ this morning with tight stops over the line as it's a very attractive risk-reward play.  11,800 would be a reasonable pullback target – good for $2,000 per contract on /NQ – we'll see how that plays out into this afternoon's live trading Webinar.     IN PROGRESS                  

Still at those highs.

Trump is determined to go out with a bang so he can blame any market crash on Biden and all the stops are being pulled out to keep things afloat.  The Nasdaq was at 5,000 when Trump took office and now were up at 12,000 but it's a great short this morning (/NQ) at the 12,000 line as Apple (AAPL) just announced they will be cutting App Store fees by 50% (to 15%) for most developers.

That's going to take a bite out of earnings potential as it shows that, like NFLX, AAPL can't just keep raising rates to generate more revenue – eventually you do get blowback.  In Apple's case, they are in court with their clients as well as the Government over their billing practices.  

If AAPL goes down from it's current $2Tn Market Cap – it will certainly take the Nasdaq with it so we're shorting the 12,000 line on /NQ this morning with tight stops over the line as it's a very attractive risk-reward play.  11,800 would be a reasonable pullback target – good for $2,000 per contract on /NQ – we'll see how that plays out into this afternoon's live trading Webinar.  

 

IN PROGRESS

 

 

 

 

 

 

 

 

 

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