Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Apr 25, 2023 1:26:20 GMT -8
And a good morning to you. We have a red pre-market this morning at -0.47% at this moment. This will be a busy day with a lot of major companies reporting earnings and reports on the condition of the nation’s economy. How is Mr. Market going to react to the news?
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Apr 25, 2023 1:40:20 GMT -8
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Post by CdnPhoto on Apr 25, 2023 5:23:15 GMT -8
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Post by aaplcrazie on Apr 25, 2023 8:04:02 GMT -8
Wow talk about brand loyalty - when your shiny Device saves your life! I thought the description of events matched fairly closely to the original Video describing SOS via Satellite.
(minus the water part) And not to mention the "Jason Bourne/James Bond/Ethan Hunt" appeal of being able to point your iPhone at the Sky and essentially call in a Helo Extract!!
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Apr 25, 2023 8:10:31 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Apr 25, 2023 8:20:51 GMT -8
Does anyone want to talk about AAPL’s lines of resistance? I see some resistance at $160 and $157.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Apr 25, 2023 8:52:57 GMT -8
Does anyone want to talk about AAPL’s lines of resistance? I see some resistance at $160 and $157. I'd guess that without Apple specific news, AAPL depends a lot more on the movements of the market. And with most of the other biggest tech companies announcing this week, that's probably what it depends on. But I have to remind myself that this is the boring middle part. Negative news is coming in, but it's mostly priced in. Positive hopes and dreams are there, but mostly don't have good trends yet. Maybe something big will happen, causing a move out of this zone one way or another. But odds are that the market stays in a zone, even if it might be slowly moving upwards as the fear of worst case scenarios slowly gets priced out. I'd prefer to see AAPL in the 165-170 range instead of 160-166. I have no technical reason for that. It's just nice to have AAPL up a little more if sticking in a range, especially when having to write a few big checks. FWIW, RSI is down to 58, though the last 14-15 days are net flat. Looks like a couple of the up days were larger up days, and maybe they had a little more volume too, pushing that number up from a neutral 50. I'd like to see AAPL trend upwards out to WWDC on hopes and dreams of big things, but it will take positive earnings and/or outlook when earnings are announced to get that started. A dividend bump will be nice, but I don't expect that to be a catalyst for the short term movement of the stock. 74 this weekend? How does that work with 5 feet of snow on the ground? Maybe I should have learned how to surf.
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Post by duckpins on Apr 25, 2023 10:42:52 GMT -8
Now that we are getting down earnings as the FED wanted no one is talking about the FED and their quixotic mission to fight inflation. The bad numbers show the economy slowing which is what the FEDs want. So? Good news? Oil is down? Good news or bad? We see a universal drop today. Of the 35 or so stocks with the most cash on hand only 6 are up now.
More bad news for regional banks. Bank management generally can't turn around a bad company. They should just take over First Republic. Bad news just keeps coming. Big Mac the other one is down on an earnings beat.
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ono
Member
posted
Posts: 555
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Post by ono on Apr 25, 2023 18:33:49 GMT -8
From weekend post about inflation, some indicators, and Fed. aaplfinance.proboards.com/post/131572The Fed has a tougher job than typical... The Fed is fighting inflation while there is still a lot of Covid related relief money still sloshing around, much committed and budgeted but not yet spent, and a sizable amount allocated but not yet committed. (As a portion of the liquidity, it may not be so significant.) APRIL 5, 2023: The SLFRF delivered $350 billion to state, territorial, local, and tribal governments. The money can be spent out until the end of 2026, but it must be obligated (meaning designated for specific purposes) by the end of 2024. An Economic Policy Institute study released last month found that only about 55 percent of the state funds have been obligated, with several states obligating less than 10 percent. March 21, 2023 State and local governments have spent less than half of their American Rescue Plan fiscal recovery funds www.epi.org/blog/state-and-local-governments-have-spent-less-than-half-of-their-american-rescue-plan-fiscal-recovery-funds-recovery-funds-should-be-used-to-rebuild-the-public-sector/
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