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Post by aaplsauce on Mar 14, 2022 21:52:03 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Mar 15, 2022 4:20:32 GMT -8
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Mar 15, 2022 8:01:29 GMT -8
Nice green today, for AAPL and most of the market. Except Oil (down 8%) and oil related (CVX and XOM down around 5%).
If no huge things going on, I could see this as a change. But IMO these things, using technicals or not, do a better job of showing a market sentiment change when there aren't big overriding events going on. Oil (and probably various commodities priced up by the war) may help show a sentiment change, and as we've seen with other big ongoing macro things the initial volatility tends to slowly get baked in.
I was already thinking of buying a little at 150, or even putting in an order down at 145.5. But with the stock up a bit and now at 154, the question is if the bottom is in, or if this is just standard volatility and there is a good chance of it continuing to flop around at this lower level, while likely not diving unless things really change for the worse. My current vote is on that, but it is with the mindset of just wondering about picking up a little more for fun, not that I am trying to make daily, weekly, or monthly trades. My preference is that 150 holds and the new lower bounds is 153-154, but given macro events and no huge overriding announcement, I'm not putting much weight on it.
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Post by nwjade on Mar 15, 2022 8:27:07 GMT -8
Nice green today, for AAPL and most of the market. Except Oil (down 8%) and oil related (CVX and XOM down around 5%). If no huge things going on, I could see this as a change. But IMO these things, using technicals or not, do a better job of showing a market sentiment change when there aren't big overriding events going on. Oil (and probably various commodities priced up by the war) may help show a sentiment change, and as we've seen with other big ongoing macro things the initial volatility tends to slowly get baked in. I was already thinking of buying a little at 150, or even putting in an order down at 145.5. But with the stock up a bit and now at 154, the question is if the bottom is in, or if this is just standard volatility and there is a good chance of it continuing to flop around at this lower level, while likely not diving unless things really change for the worse. My current vote is on that, but it is with the mindset of just wondering about picking up a little more for fun, not that I am trying to make daily, weekly, or monthly trades. My preference is that 150 holds and the new lower bounds is 153-154, but given macro events and no huge overriding announcement, I'm not putting much weight on it. After piercing the 200MA yesterday it would be great regaining it today, which we're currently doing and get this train moving in the right direction again.
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Post by Lstream on Mar 15, 2022 8:39:45 GMT -8
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Post by artman1033 on Mar 15, 2022 8:40:45 GMT -8
INTERESTING COMMENTS in this article. Where would the EMPLOYEES for FOXCONN SAUDI ARABIA come from? Phillipines?
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Post by archibaldtuttle on Mar 15, 2022 10:23:48 GMT -8
The downtrend is still intact until we close above 160...
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Mar 15, 2022 10:40:52 GMT -8
Nice green today, for AAPL and most of the market. Except Oil (down 8%) and oil related (CVX and XOM down around 5%). If no huge things going on, I could see this as a change. But IMO these things, using technicals or not, do a better job of showing a market sentiment change when there aren't big overriding events going on. Oil (and probably various commodities priced up by the war) may help show a sentiment change, and as we've seen with other big ongoing macro things the initial volatility tends to slowly get baked in. I was already thinking of buying a little at 150, or even putting in an order down at 145.5. But with the stock up a bit and now at 154, the question is if the bottom is in, or if this is just standard volatility and there is a good chance of it continuing to flop around at this lower level, while likely not diving unless things really change for the worse. My current vote is on that, but it is with the mindset of just wondering about picking up a little more for fun, not that I am trying to make daily, weekly, or monthly trades. My preference is that 150 holds and the new lower bounds is 153-154, but given macro events and no huge overriding announcement, I'm not putting much weight on it. After piercing the 200MA yesterday it would be great regaining it today, which we're currently doing and get this train moving in the right direction again. The 200MA, which sharpcharts currently shows at 153.55, would be nice. But like the above, I'm sure the technicals matter some but I'm not sure how much of a driving force they are right now. Similar to how they might be guidance, but aren't the driving force when something company related (or geopolitical) is announced. My worry about technicals has always been that they can't predict the future. ie they can't predict 9/11. But, viewing them as a numeral or graphical representation of group psychology, along with assuming some probabilities (instead of certainty), and suddenly it all makes sense. It might not predict the future, but it can have a higher probability on how a group will react to something, or show how it is reacting to something (ie head and shoulders, or higher lows, etc). Anyways, just my feeling on it, and how it can be a tool. But looking at AAPL, the S&P, and the Nasdaq, it's hard for me to see certain support, and I think this is just a special case where it all depends on what happens with the war, while there is also the worry of inflation and interest rates mixed in there, though we have support of low unemployment numbers while still getting better, and an economy that is still expected to be positive this year (though some expecting a recession in '23). In terms of AAPL, it's currently at the levels seen in November. That might sound bad, but the S&P is at levels seen in June. And the Nasdaq? It's at levels seen in December....of 2020. Given that, I'm happy AAPL is at November support, even if a hard bounce off that support would be more ideal. There might not be closure on the war for a while, and it probably means that things globally are a little less restful for years or even decades. But Oil settling down to sub-$100, along presumably with other commodities, should help the markets become slightly less volatile and even move up a little. If oil and commodities stay calm and down a little over the rest of the week, I wouldn't be surprised to see a melt up of the markets by 5% over the coming week or two. Nothing is a given. But that makes sense to me, and I'd put some probability on it.
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Ted
fire starter
Posts: 892
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Post by Ted on Mar 15, 2022 11:54:30 GMT -8
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Post by Lstream on Mar 15, 2022 12:20:32 GMT -8
The job of an analyst 1. Write shit. If you have no facts, make some up. 2. If you are wrong, no big deal. You live in a consequences-free world. 3. Change all the doors in your house so your swollen head can fit through them 4. Repeat 5. Achieve narcissist Nirvana. Your ability to be paid, no matter how horrible your “facts” are, is the ultimate validation. Everyone before you must now bow to your unassailable wisdom. 6. Move on to providing advice to clueless companies that are clearly incapable of getting things right without your golden input. Including that Tim Cook clown. It doesn’t matter that you have never built or designed anything yourself. Your are GOD. Oops, even better, an analyst!. The rest of us are unworthy to be in your presence.
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Post by aaplcrazie on Mar 15, 2022 14:35:32 GMT -8
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Mar 15, 2022 15:37:56 GMT -8
Says it is all clear now, after a white powdery substance found in an envelope. Blah! I wonder how independent parts of the ring are, just from a having to evacuate point of view. Most of the Infinite Loop buildings were's connected, but some were like IL1 to IL2. OTOH, in recent years there were lots of off-site buildings. De Anza 3 was across the side street, while others like DA6 were across the main road. For a while there we had a bunch of fire evacuations in DA3, because someone kept microwaving popcorn too long, and it would set off the fire alarms. They finally took the microwaves and put in ones they programmed to have a set power, and a max of 2 or 3 minutes. No more evacuations, but also a pain to heat up lunch. It ended up being a good day for the market and AAPL today, and AAPL just barely edged out Nasdaq's gain. I think we're likely in this volatility cycle until things simmer down, but the other option is for oil and other commodities to calm down and come down a little, which could be a sign that investors have digested current news and likely near-future risk. But you just never know. Thanks everyone, for staying on topic and helping make this a place that we keep coming back to for AAPL, Apple, and Finances.
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