Added some Apple this morning at $210.20 and some TQQQ at $69 with the down open. Apple looks like it could really push higher...right at resistance and one of the few mega caps that hasn't broken out. Needs to get through $214.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
broken025
Member
So do we buy the UNH dip?
Anybody else seeing home inventory going up sharply where they live?
not at all...houses in my hood go fast
I added back IWM today at 208 low...it looks ready.
still holding Apple, feel like is going to push hard through 213'ish soon
It’s probably nothing but less than a year ago there was 1 page of listings in my town on Zillow now there’s 8
Also it’s the fastest growing town in the county
We’ve got a 1400 sq ft modular home that’s paid in full and my wife is set on upgrading and I’m dreading it. Talk me off the ledge Kylo
I fell you…I got a 3% mortgage…we ain’t ever moving.
Moodys downgraded US credit after hours…first time ever. Market rolling over. I sold 80% of my longs. That hurt.
I can’t believe they would do that after hours on a Friday into a rising parabolic market. Almost like this market rigged
I can’t believe they would do that after hours on a Friday into a rising parabolic market. Almost like this market rigged
Nomanslandva
Member
We clearly have a problem, I get it. I saw this chart a while back and it really crazy to see not only how much we spent during the pandemic, but also how we changed the post pandemic spending trend line. I added the second line BTW.
I am curious, why now? I am also curious how this may impact spending/tax bill negotiations. You would think it would give the spending hawks a bit more leverage.
Hardest thing for me to unsee
We got 2 big down opens this week and bought both and been selling SPY/Qs into strength. I've been buying Apple too but it's down 6 days in a row now...I could have literally bought any other tech stock and be up nicely. So dumb...I rarely swing Apple and now I remember why.
I did add some AVGO via AVL at $26.90 on Monday and still holding that too. So that's been a good one.
I did add some AVGO via AVL at $26.90 on Monday and still holding that too. So that's been a good one.
Tariff news:
Trump is threatening to tariff Apple if they don’t build the iPhone in the US.
Trump is announcing a straight 50% tariff (I don’t know what straight tariff even means)on EU will go effect on June 1st.
Trump is threatening to tariff Apple if they don’t build the iPhone in the US.
Trump is announcing a straight 50% tariff (I don’t know what straight tariff even means)on EU will go effect on June 1st.
Dow futures dropped to -600 on these 2 items!
Apple Stock Falls After Trump Threatens Tariffs on Foreign-Made iPhones
“Wedbush analyst Daniel Ives has estimated that making an iPhone in the U.S. would probably lead to a retail price of around $3,500 compared with around $1,000 currently, and it would take years to build the necessary production capacity.”
“Wedbush analyst Daniel Ives has estimated that making an iPhone in the U.S. would probably lead to a retail price of around $3,500 compared with around $1,000 currently, and it would take years to build the necessary production capacity.”
broken025
Member
More Trump tariff tweets that toppled futures...I had lightened up with longs after the Moodys downgrade and end of May being seasonally weak but still, the longs I have hurt with SPY/Qs down 1.5-2%. I guess I will see how morning goes and then just exit and suck up the losses...I don't know what to do here. I am tired of trading around tariff tweets...we had gotten a few weeks repreive...
The safer thing to do is wait until Oct/Nov to buy...feels like a summer of chop with another test of lows in Sept/Oct. With the credit issues, tariffs...the market you would think would perceive that as bearish.
The safer thing to do is wait until Oct/Nov to buy...feels like a summer of chop with another test of lows in Sept/Oct. With the credit issues, tariffs...the market you would think would perceive that as bearish.
I did buy some SPY in pre-market and added to my AVGO position which has helped mitigate most of my losses on the day. Tricky stuff...but SPX right at it's 200/20d moving avgs...so a bounce/support makes sense if it's going to stay special.
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ForsythSnow
Moderator
At this point, market manipulation. 50% tariff for an American based but Chinese manufactured phone but 25% for the same conditions but a S Korean based company makes little sense.
The threat to Apple is also a 25% tariff. The 50% threat is to the EU in general. But still it doesn’t make sense. Apple would have to sell IPhones at a whopping $3,500 if they were made in the US. And it would take years to get it up and running.
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EU tariffs postponed to July 9.
As a result, Dow futures are +304. NAS is +213.
Trump just announced that steel tariffs are headed to 50%.