Monday at 1:00 PM eastern time, Apple execs will present a keynote speech at their annual World Wide Developers Conference (WWDC) in San Francisco. Expect volatility accompanied by high drama and the usual bloated expectations.
Various rumor sites have become very good at scooping nearly all the major Apple announcements before they happen, yet there is always still at least the expectation of an element of surprise. The inevitable gaming of AAPL shares centers around this expectation, which is usually ludicrously high.
This is nothing new to the throngs that trade or invest in AAPL. However, with the Nasdaq and the S&P 500 at critical levels, poised for either a further push up or a retrace, tomorrow may be more poignant than usual when the crowds gather in San Francisco.
Let’s take a look at a daily Nasdaq chart: [...]