Josh Brown looked at Apple's stock chart and saw a pattern. He called it a "tell." This is what passes for insight when you've run out of things to say on camera.
The tell—whatever the f*ck that means in this context—apparently signals that Apple's recent pullback is a "refresher" and not a "rally-ender." These are real terms that real people use to describe a squiggly line going down a little bit before maybe going back up. Or not. The chart doesn't care what you call it.
Sean was there too. The summary mentions Sean. Sean reviewed the pullback alongside Josh and agreed it was a refresher. Two guys staring at the same chart and confirming each other's bias. This is called technical analysis.
A pullback being a refresher means you should buy more. A pullback being a rally-ender means you should sell. The difference between the two is determined by whether the stock goes up afterward. You'll know which one it was after it happens. Very helpful.
The classic tell Josh identified is probably a support level or a moving average or some Fibonacci bullsh*t that's been "working" for three weeks. It worked right up until the moment it didn't, at which point Josh will discover a new tell that explains why the old tell was actually a head-fake.
Retail traders watched this segment and immediately checked their own Apple charts for the tell. They found seventeen different patterns that could be the tell. They bought calls. Apple dropped another 3% because the chart doesn't watch CNBC.
The stock will either go up or down from here, and Josh will have called it either way.
Photo by Laurenz Heymann on Unsplash
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