Can Apple's Stock Rebound in a Strong/Sustainable Way?

Keep an eye on this KEY resistance level for Apple's stock

• With the “Trump put” now engaged, it has given investors a big sense of relief. However, the “Trump put” is not a QE program. So, it’s ability to produce a strong sustainable rally is a big question in our minds. The fundamental backdrop and outlook are not strong enough to support an expensive stock market.

• Apple (AAPL) is getting a big boost from the Administration’s new exclusions on the tariffs. We’re looking at one very important level…which, if broken…will be quite positive for the stock.