During last Friday's action we seen the major institutions come out in full force to defend AAPL, AMZN, and pounce liquidity into NKE. The finish on Friday was very strong, all things considered, that being some of the heaviest weighted companies are dragging the markets in their direction.
We are heavy weighted and long in AAPL going into next week, after buying off the 147 area defended area. There is a wealth of economic news coming as well and we believe all the new is already built into the market. We know the Fed will be tapering between now and the end of the year. Perhaps the recent correction enable institutions to rebalance, rotate, and reallocate back into high beta growth stocks. We also know the economy is not strong at all due to the constant barriers being placed on the economy by the White House and the record numbers of people being fired from some of the largest companies in the U.S. and other vital areas that impact the supply constraints. Nevertheless, the online sales sector should EXPLODE with many consumers already anticipating a delay in goods to be received.
We are heavy weighted and long in AAPL going into next week, after buying off the 147 area defended area. There is a wealth of economic news coming as well and we believe all the new is already built into the market. We know the Fed will be tapering between now and the end of the year. Perhaps the recent correction enable institutions to rebalance, rotate, and reallocate back into high beta growth stocks. We also know the economy is not strong at all due to the constant barriers being placed on the economy by the White House and the record numbers of people being fired from some of the largest companies in the U.S. and other vital areas that impact the supply constraints. Nevertheless, the online sales sector should EXPLODE with many consumers already anticipating a delay in goods to be received.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.