When Prices Are Falling, TWO Numbers Matter Most

On June 29, the Apple iPhone turned 10 years old. But, for many, the mood surrounding the milestone was less than celebratory. Reason being, in June alone, Apple Inc. (AAPL) plunged 6% to two-month lows amidst a broad-scale bruising of the global tech sector.

Stocks And Bonds- Testing Key Areas

While the S&P 500 (SPY) was able to push to a new high during Monday’s trading session, the broad NYSE Composite Stock Index (VTI) was still looking for a close above an area that acted as resistance in the past.

Using Trend Lines and Identifying Support and Resistance

One of the most basic skills necessary when looking at a stock chart is using trend lines and identifying support and resistance. Unfortunately, sometimes as we learn more sophisticated methods we tend to forget the basics. So if you are just starting in the markets or you are a more advanced trader, you may find this information valuable.