A weak open attracted buyers for a third day of a mild oversold bounce. The market made it back to the highs on Friday and it is holding above the 200-day simple moving average.  AAPL had a convincing break down below its 200 day moving average today and tagged short term support at 310. We could easily see some more upside in the near term especially if we hear any positive news out of Europe.  But before the FOMC rate decision Wednesday, we are likely to trade in a choppy range as we digest the recent moves.
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