Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
|
Post by Dave on Jan 18, 2023 2:17:18 GMT -8
Good morning. We have a green pre-market this morning at +0.20% at this moment. Are we seeing the start of a new trend?
Todays events:
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
|
Post by Dave on Jan 18, 2023 2:26:48 GMT -8
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
|
Post by Dave on Jan 18, 2023 2:33:26 GMT -8
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
|
Post by Dave on Jan 18, 2023 7:15:24 GMT -8
We’re getting dangerously close to the 50 MA of $139.20 which is the next resistance. Is today the day?
|
|
|
Post by artman1033 on Jan 18, 2023 7:26:05 GMT -8
|
|
|
Post by Lstream on Jan 18, 2023 8:25:50 GMT -8
Really torn on this. I have the original and it is seriously hampered by Siri. Further, I have friends who use Spotify. There are continual dropouts. Don’t know whose fault that is, but it is certainly an issue. Some examples of Siri being a total dumb-ass on this device: 1. Invoke a home automation command. Like turn on some lights. Siri tells me that I don’t have anything set up, when I do. Home App works fine on its own. 2. It isn’t smart enough at times to know it is the device playing Apple Music. I say “next track” and the nearby iPad will play some totally irrelevant music. Siri really is a serious letdown. Feels neglected.
|
|
|
Post by zebrum on Jan 18, 2023 8:54:00 GMT -8
|
|
|
Post by Lstream on Jan 18, 2023 9:19:44 GMT -8
Sounds exactly like something Siri would do
|
|
|
Post by duckpins on Jan 18, 2023 11:53:22 GMT -8
We’re getting dangerously close to the 50 MA of $139.20 which is the next resistance. Is today the day?
Looks like the underground came to the aid of the resistance!
|
|
|
Post by aaplcrazie on Jan 18, 2023 12:24:24 GMT -8
Sadly similar Siri Experience: me in kitchen to Watch invoking Siri "Set Timer 4 Minutes" (For French Press) Siri: You don't have the time App! But Oh contraire this is some thing you've done in the past without a hiccup...as I stomp into living room to find iPhone.
|
|
4aapl
Moderator
Posts: 3,867
|
Post by 4aapl on Jan 18, 2023 12:26:47 GMT -8
I'm looking forward to that 200 DMA at 146 or so. If AAPL gives good earnings and outlook, and the Fed backs off to a .25 increase, it seems likely to be there in 2 weeks.
OTOH, if there is strongly middle ground things, nothing great but nothing terrible, then that ~140 level might be more probable, but in the 135-145 range.
If something not so great happens, instead it would be a dip down to just below 130.
These are all just wild-ass guesses, but probably around right. Today is flat to just down across most everything, with GOOG the only green by a couple cents at the moment in my main list. But AAPL is up nearly 10% from the low, so it's not all bad.
|
|
|
Post by duckpins on Jan 18, 2023 12:59:12 GMT -8
The Dow is all negative now. And the list of cash rich companies shows only 3 of 35 with green today. Since the market was overbought according to some indicators, this may be a pull back not a melt down.
|
|
4aapl
Moderator
Posts: 3,867
|
Post by 4aapl on Jan 18, 2023 15:57:26 GMT -8
Retail sales figures are down. Similar to CPI, up YOY, but a lot less than in previous months, and down MOM. And then a note that they aren't adjusted for inflation (so if that 6.5% YOY CPI was evenly split, and we currently see a 6.5% YOY retail number, then that means sales are flat if adjusted for inflation, right?) finance.yahoo.com/news/u-retail-sales-drop-more-135048646.htmlOr a slightly condensed version of the same info, at finance.yahoo.com/news/stock-market-news-live-updates-january-18-2023-113839266.html Things are turning, and the MOM data is showing it a lot quicker than looking at the YOY, where one might see ~6.2-6.5% numbers and think things haven't changed that much. But it depends on how the Fed wants to play it. They have to keep up their posturing for a while, to make sure things stick. But while this next quarter point increase is a given, and possibly the next one, they'll have to turn at some point. We're much closer to the end than the beginning, and Apple's average consumer is likely better off than the overall average consumer, especially in a flat to mild recessionary time.
|
|
|
Post by Luckychoices on Jan 18, 2023 16:47:14 GMT -8
OTOH, if there is strongly middle ground things, nothing great but nothing terrible, then that ~140 level might be more probable, but in the 135-145 range. If something not so great happens, instead it would be a dip down to just below 130.Apple will pay their February quarterly dividend in less than a month. My wife and I have auto-reinvested the AAPL dividends in our IRA's since Apple restarted their dividend program in August of 2012. Last year, 2022, that meant the IRA dividends bought new AAPL shares at a low of $146.59/share, on 05/12/22 and a high of $171.89/share on 02/10/22. If the February 2023 AAPL dividends end up buying new AAPL shares at $130/share or lower...so be it. It'll just be one more unexpected burden AAPL Longs will have had to endure. 😎
|
|
4aapl
Moderator
Posts: 3,867
|
Post by 4aapl on Jan 18, 2023 19:55:45 GMT -8
OTOH, if there is strongly middle ground things, nothing great but nothing terrible, then that ~140 level might be more probable, but in the 135-145 range. If something not so great happens, instead it would be a dip down to just below 130.Apple will pay their February quarterly dividend in less than a month. My wife and I have auto-reinvested the AAPL dividends in our IRA's since Apple restarted their dividend program in August of 2012. Last year, 2022, that meant the IRA dividends bought new AAPL shares at a low of $146.59/share, on 05/12/22 and a high of $171.89/share on 02/10/22. If the February 2023 AAPL dividends end up buying new AAPL shares at $130/share or lower...so be it. It'll just be one more unexpected burden AAPL Longs will have had to endure. 😎 I like the idea in general. Basically dollar cost averaging, but on a quarterly instead of paycheck basis. In general it should work well, since in general the market and AAPL goes up. But I guess I see the importance of trying to understand what is going on in the market. It would be like using auto-pilot, or even just cruise control, without knowing how to drive or understanding the situation. It might do ok, or even just fine. Or, especially in certain circumstances, it might not work too well. As a scientist and engineer, I sometimes find it interesting to look back at times where society just didn't know things. Imagine a time where people didn't have much as far as weather predictions, and we just got the rain and snow that we did. The Donner Party comes to mind, of just pushing West, until they couldn't. But looking at birds and squirrels, it's the same thing, imagining the feeling they must have when there is suddenly a long deluge. Having some understanding and even probable guesses about what the market will do seems better than just not caring. Especially when there are those out there that think cryptocurrency or even lottery tickets are a better retirement investment than stocks.
|
|