MomentumOptionsTrading.com Morning Update for 4/24/14
Bulls Hold Support/ Hitting Sweet Spot
“We Are Witnessing Our Second Tech Bubble in 15 Years”…David Einhorn
We have been talking about the bulls hitting a sweet spot in April and yesterday’s action was picture perfect following another well-known suit-and-tie saying Tech (or some sectors in tech) are in a bubble.
With Apple (AAPL, $524.75, down $6.95) and Facebook (FB, $61.36, down $1.67) reporting after the close, another slick talking pro tried to look like a hero and got it wrong. Put Einhorn on the list with Icahn and Gartman as both companies surprised Wall Street with sweet news.