dorfmanmaster
Long

IBM due for a pullback

NYSE:IBM   INTERNATIONAL BUS MACH CORP
Fundamental data

IBM reported earnings and reaffirmed guidance. It was up over 5% on the news.

Trade-war:
"The U.S. Trade Representative said Tuesday 10% tariffs on about $300 billion in Chinese imports will go forward, but tariffs on some goods will be delayed until Dec. 15. Those items include cellphones, laptop computers, video game consoles, some toys, computer monitors, shoes and clothing."

The cellphones could be the reason for AAPL rallying today.

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There is a good risk reward ratio (check out chart).


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