Apple Not Participating In Rally

Apple Inc. AAPL shares are trading lower by $1.13 at $117.10 in Wednesday's session. There is no relevant news to account for its weakness in such a strong tape. After a lower open, it could rally a nickel to $117.69 before resuming its moves lower. At this time, it is attempting to find support in the area of Tuesday's low ($116.86), only reaching $116.94 and is now trading in the $117 handle.