One Option Trading Blog http://bit.ly/2F6hszI Posted 9:30 AM ET - Yesterday the market dropped on the open and that was the low of the day. Buyers stepped in on the first trading day of the year and they scooped stocks. A full-blown reversal was underway by mid-morning and the market rallied into positive territory. This is bullish price action and a base is forming. This process will take a few months after such a steep decline. Apple warned overnight. This is the first time since 2007 that quarterly forecasts have been trimmed. iPhone sales in China were partly to blame and it accounts for 20% of …
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