Comments on: AAPL Apple First Price Target Hit 8-23-23 https://rightsideofthechart.com/aapl-apple-first-price-target-hit-8-23-23/ Stock Trading, Investing & Market Analysis Wed, 28 Feb 2024 17:06:25 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: KevinK https://rightsideofthechart.com/aapl-apple-first-price-target-hit-8-23-23/#comment-29152 Thu, 24 Aug 2023 04:44:30 +0000 https://rightsideofthechart.com/?p=212208#comment-29152 In reply to Jeff Vandenburgh.

Thanks Jeff,
This one seemed easy, but I’m wrong a lot. Proof of that is that I’m down for the year, but coming back…. scrapping the shorts and going long more. This market is going to hit 5000 sooner than people think.
Don’t worry about Powell. He’s weak. He does what the market tells him to do. The CME Fedwatch has 86.5% predicting no rate hike Sept 20, so he won’t hike, especially with inflation in the 3% range. He’ll pause because he has no backbone.

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/aapl-apple-first-price-target-hit-8-23-23/#comment-29151 Wed, 23 Aug 2023 21:05:21 +0000 https://rightsideofthechart.com/?p=212208#comment-29151 In reply to KevinK.

Awesome call, KevinK. The amazing thing is how NVDA has influenced the price action in the whole market. SPY is up big in afterhours and is now beyond the upper end of the weekly expected range at 444.50. When NVDA announced earnings in May, it acted as the beginning of the June-July rally that sent SPY up 12%. Now just need Jerome Powell to make the repeated mistake of not sounding convincingly hawkish at Jackson Hole.

]]> By: KevinK https://rightsideofthechart.com/aapl-apple-first-price-target-hit-8-23-23/#comment-29149 Wed, 23 Aug 2023 17:42:11 +0000 https://rightsideofthechart.com/?p=212208#comment-29149 Hard to short the market today when everybody knows Nvidia is going to easily beat the low bar the analysts set on earnings …as 80% of companies usually do.
Then the topper will be the glowing forward AI guidance.
Get ready for a gap up tomorrow morning.

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