The Dow Jones Industrial Average consolidates at high levels, while Apple rebounds from its 100-day moving average

Dow Jones ($Dow Jones Industrial Average (.DJI.US)$ ) Consolidated repeatedly near the 10-day moving average overnight and is now holding steady above the 51,500 level; the semiconductor sector’s notable pullback weighed on the Nasdaq 100 ( $NASDAQ 100 Index (.NDX.US)$ ) Opened lower and dropped over 300 points overnight to around the 50-day moving average at approximately 29,100, with momentum weakening. Watch the 29,000 support level in the near term. Bull certificates may be considered for those bullish on the Dow. $SG#DJIA RC2612E.C (49613.HK)$ , with a call price of 48,000. Conversely, for bearish views, consider bear warrants $SG#DJIA RP28121.P (49640.HK)$ , with a call price at 56,000. For bullish views on the Nasdaq, consider bull warrants $SG#NQ100RC2612K.C (49611.HK)$ , with a call price at 27,000. Conversely, for bearish views, consider bear warrants $SG#NQ100RP2812F.P (49614.HK)$ , with a call-back price at 31,500 points.

Apple ( $Apple (AAPL.US)$ ) Absorbed selling pressure and found support at the 100-day moving average near $275 on Friday, rebounding thereafter. In early overnight trading today, the stock price rose above $283. Near-term resistance lies at the 50-day moving average above. Call warrants may be considered for those bullish on Apple. $SGAPPLE@RC2610A.C (11132.HK)$ , with a strike price of 300. Conversely, if bearish, consider put warrants. $SGAPPLE@RP2609A.P (11063.HK)$ , with a strike price of $248.

Micron ( $Micron Technology (MU.US)$ ) Gapped higher post-earnings, but retreated to around $1,130 on Friday. The stock may undergo further consolidation in the near term to digest recent gains; watch the $1,100 support level. Call warrants may be considered for those bullish on Micron. $SG-MCRN@RC2612A.C (11213.HK)$ , with strike price at 1800. Conversely, if bearish, consider put warrants $SG-MCRN@RP2612A.P (11114.HK)$ , with strike price at 400.

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