Day Trading September 10 - Morning, page-2

Morning all,

Well as the saying goes,
"all it takes is one bad apple"

Shows how techcentric we have become, and gives an idea of the right sector to be analysing.


9:36am: Some will try to tell you that it was strong US jobs numbers overnight (apparently Yellen's fave data point) that sunk Wall St while the rest of the world was surging higher.
But no, if you look at the chart below you will see the catalyst for the turnaround: Apple shares dropping on an (almost inevitably) disappointing product update. I mean, the iPencil? (Alright, "stylus".)

9:14am: US stocks ended more than 1 per cent lower overnight after rallying the day before, led by declines in Apple shares and in energy companies, which fell with oil prices.
Apple shares ended down 1.9 per cent at $US110.15 in heavy trading, erasing earlier gains as it launched new products in San Francisco.
Among Apple's suppliers, Qualcomm shares fell 1.6 per cent at $US54.32, Skyworks Solutions was down 1.5 per cent at $US86.42 and Avago Technologies was down 1.5 per cent at $US127.17. US-traded shares of STMicroelectronics NV fell 6 per cent to $US7.04.
Energy led declines among S&P 500 sectors, falling 1.9 per cent as US oil prices settled down 3.9 per cent. Chevron was down 2.5 per cent at $US74.92.
The volatile session reversed early gains of as much as 1 per cent. Indexes had rallied more than 2 per cent on Tuesday.
"Investors are still looking for policy developments out of China, and also wary of what might come out of the Fed next week."
"We had a nice rally yesterday based on an oversold position. There really wasn't anything to create a follow-through, so the buying just kind of ran out of steam," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

Good luck to all

Do your best!!​