Lower Expectations May Be Exactly What This Market Needed
The negative reaction to good earnings reports last week may have created better conditions for the big reports that hit this week.
The negative reaction to good earnings reports last week may have created better conditions for the big reports that hit this week.
Stocks had a chance to run higher this past week but missed their chance.
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
We closed out a profitable position, added to two others, and adjusted several price targets. Here’s what we’re watching next.
I view this as a negative to Apple ($AAPL):
Position: None
Here’s the latest on the war with Iran, threatened tariffs on Canada, and the semiconductors as AMD & Microsoft cozy up with Helios deal.
The action quickly turned dreary as there has been no rush into stocks despite sharp pullbacks.
I covered my Apple ($AAPL) ($325.40) short (-$8.50 today) for a small profit.
I plan to reshort on strength.
Position: None
A classic Monday morning bull trap has snapped, and selling pressure is ramping up again.