Today may be another blood bath with Apple story saying their cutting iPhone 14 production due to lack of demand.
150 is a magic number for aapl. There will be gravity towards it for closing above it end of month…by the folks who believe in gematria ta voodoo.
SQQQ red? u buy. sqq green, you holdt. Venmo me $500 to be added to my private newsletter for more tips
with so many technical analysis broskiiis out there....everything goes up and down based on these self-fulfilling prophecies. so ya, whatever the magical chart says, thats where it will go ...
I been had sayin FB ad platform been sucking since IOS update. CRISPR actually been holding on stronger than you'd think. Let's EDIT these kids.
His kiddie-league baseball card just went for around $105k at auction. I thought it would pull in more than that. Everything's falling apart around him. So tragic.
I listened to his interview with Joe Rogan. Interesting guy and he seems to a pretty good/ healthy perspective on life. The Chan Zuckerberg Initiative has him thinking about his legacy beyond Facebook/Meta. Good stuff.
The stock market is on the brink of new lows. Three indicators that will signal an end to the bear market https://mosaicassetco.substack.com/p/the-market-mosaic-92522
Anyone think Credit Suisse is toast this weekend? https://seekingalpha.com/article/45...-bank-at-distressed-valuations-which-to-avoid
They've been dead since archegos. It's unsettling how they and the whole China market has been laying turds in the kitchen all year and has mostly been normalized into the day to day.
so SPY to 515 it is. lol.... But, the most important factor that I will be watching over the coming weeks is if that next rally is impulsive or not. If the next rally through 3681SPX takes shape as a 5-wave structure, then I will retain my expectations to rally to 5150+ to complete the bull market off the 2009 low, after which we usher in a 7-20 year bear market. However, if the next rally is clearly corrective in nature, then I will have to strongly consider that the bull market off the 2009 low has topped earlier and lower than I initially expected. That would mean we have potentially begun at least a 7/8 year bear market, but which could more likely last as long as 20 years. I have written about my expectations for this potential bear market and how I came to this determination in many prior articles if you are interested. https://seekingalpha.com/article/4544217-market-approaching-potentially-major-bottom
edit...A quick note that ISM prices paid crashing and potentially dropping below 50 isn't a good sign for the economy. Yes the Fed might eventually cut rates sooner, but that would be because the economy is doing poorly. Couple this with the fact that the Fed wants to see unemployment increase to the mid 4% range then you are seeing a leading indicator flash a recessionary warning sign.
