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Berger: Sharp reversal in US equities takes bite out of Apple

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Serge Berger gives us his analysis of the sharp reversal in US equities this week, partly triggered by the Chinese Yuan devaluation. Many traders were watching the 200 day moving average and markets turned extremely bearish once the numbers starting to fall below that level.

However, Serge explains why he thinks there's a great chance of a rally at the end of the month having tracked a seasonal trend for stocks to rise mid to late August.

Finally Serge looks at what this week's reversal meant for Apple, investors got very nervous and started a charge for the exits but while there are still jitters around the tech giant, Serge remains long-term bullish.