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- Apple stock has fallen on hard times of late and is in position to complete a long-term bearish reversal pattern on its monthly chart.
- Bitcoin is Bitcoin. Today is the toast of the town. Tomorrow it could simply be toast. Granted toast nobody can see, feel, touch, or anything else.
- Cocoa remains hot, though a change in weather pattern could deflate this historic supply-driven rally like a soufflé.
If you’ve been paying attention to global investments, and if you are reading this on Barchart I assume you have, you know there are three markets dominating nearly every discussion: Apple, Bitcoin, and Cocoa. In other words, the ABCs of today’s markets are as easy 1 2 3, and so on. I’ve written about each of these markets in the past, so as we take a look at where we are today we’ll also circle back to my previous takes. That should be fun. The bottom line is something we have all learned about markets: They change over time. Sometimes.