Stocks

December 29, 2022

Another Type Of Apple Season

$AAPL, like the rest of the tech sector, has been hit hard in 2022. Selling pressure from sector exposure and the production slowdowns/shutdowns in China have weighed heavily on investors and Apple’s shares. 📊

But there is some reprieve coming. With China’s easing of lockdowns, J.P. Morgan analysts believe that the supply chain is likely to improve and is already showing signs of recovery. 

The primary Foxconn factory has reportedly recovered to about 70% of its capacity, bringing hopes that the newest iPhone models will ship out sooner. J.P. Morgan reported that the wait time for the latest iPhone model is down to two weeks versus 30-40 days.

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March 9, 2023

Apple is trading higher today at +3.14% at the time of writing. Technically, it is above yesterday’s open and is testing Tuesday’s close of $130.03 as resistance. 🍎

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Stocks

March 17, 2023

Checking In On Bank Stocks

It’s been a wild week for bank stocks, so let’s take stock of where they all stand after today. Though before we get into some charts, let’s recap today’s news stories related to the sector.

First up, SVB Financial Group, the parent company of Silicon Valley Bank, has filed for Chapter 11 bankruptcy protection. The company says this process will allow it to evaluate strategic alternatives for its unaffected businesses and assets, including SVB Capital and SVB Securities, which remain operational. Also, note that Silicon Valley Bank was not included because it was taken over by the Federal Deposit Insurance Corporation (FDIC) last week. ⚖️

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Stocks

March 3, 2023

Another Close Call

Amid the market’s recent volatility, the talk of the trading community has been the 200-day moving average. 🗫

We’ve discussed this technical indicator somewhat regularly, but here’s a refresher. Technical analysts use moving averages to smooth out a price’s trend over the timeframe they’re analyzing. And to simplify things, when prices are above the indicator, it’s often viewed as a bullish sign. Conversely, when prices are below the indicator, it’s often regarded as a bearish sign.

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Earnings

February 2, 2023

An Alphabet Soup Of Earnings

Apple, Amazon, and Google experienced sharp runups ahead of their after-hours earnings reports. Optimism about the economy and Fed had already boosted tech stocks, but Meta’s upside surprise fueled the narrative that these three would also beat.

What ultimately resulted was some lackluster action after the bell. Let’s break it all down. 📝

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Stocks

January 6, 2023

A New Year’s Resolution

After about three weeks of rangebound trade tricking traders and investors alike, it appears that the stock market has reached a short-term resolution. 😮

Below is an hourly chart of Dow Jones Industrial Average futures, which we’ll use to represent the U.S. stock market. We know, we know, the Dow is the boomer of the stock market indexes. But most of the major indexes look like this, and the Dow had the cleanest view. So work with us here.

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Stocks

December 28, 2022

We’ve Seen This Movie Before

$AMC ending 2022 in a Hollywood-style dramatic, climactic collapse. 🎭

Today, AMC made a new 58-week low, returning to where it was trading in early February 2021. 

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Stocks

January 4, 2023

Chinese Stocks Extend Gains

Due to their recent strength, Chinese stocks have been a focus of our newsletter for the last few months. And today, that strength continued with hopes that a more relaxed Chinese regulatory environment is on the horizon. 🌤️

Sparking this continued optimism was news that Chinese officials approved an expanded capital plan from Ant Group. The China Banking and Insurance Regulatory Commission approved the company’s request to increase the amount of registered capital for its consumer unit from 8 billion to 18.5 billion yuan.

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