And today Barclays downgrades on yet again ESPN fears with a target of $89. Can we say thugs?
From Briefing: 10:55 am Home Depot solid bounce after probing its 200 sma (HD) : The index put together an intraday dip below its 200 day sma (118.67, session low 118.20) and while still negative has staged a solid recovery. This moving averages held as well on the late Sep decline.
Its all technicals!
Starbucks certainly has faith in China. Apple as well. Downside has been totally overplayed.