Serious profit taking in equities going into the close
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Started by TimNew - Oct. 31, 2018, 6:22 p.m.

Raises interesting questions about tomorrows open.   But how Apples earning report tomorrow 2PM PT/5EST) will have a lot to do with how November opens/the week finishes. 

By metmike - Oct. 31, 2018, 6:53 p.m.
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Please keep us posted on that tomorrow TIm!

By WxFollower - Oct. 31, 2018, 9:07 p.m.
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This is the opposite of what happened yesterday.

By TimNew - Nov. 1, 2018, 4:56 a.m.
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If, as I expect, Apple's earnings are good to great, and if, as I expect, the Employment Situation lives up to the early indicators,  Friday could be a very interesting day.

The Caveat here..  If Employment Situation is too strong, it may raise fears of further tightening by the Fed.

But I will make every attempt to follow up this eve on Apple Earnings.

By TimNew - Nov. 1, 2018, 9:50 p.m.
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Earnings were solidly above expectations,  but Apple project soft growth for upcoming holidays. Equity futures are a little soft.

"Apple Inc. reported better-than-expected financial results for its fiscal fourth quarter Thursday, but shares sank in after-hours trading when the company delivered a disappointing forecast for the holiday period.

The trillion-dollar company delivered earnings per share of $2.91 on revenue of $62.9 billion for its latest quarter, ahead of the FactSet consensus expectation of $2.78 in EPS and $61.5 billion in revenue. Apple’s  iPhone revenue positively surprised as well, coming in at $37.2 billion for the quarter, whereas analysts had been calling for $35.6 billion. The average selling price for an iPhone during the quarter was $793, far above the $751 projection.

By metmike - Nov. 1, 2018, 10:32 p.m.
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Thanks for that and doing what you promised to do TIm!

By TimNew - Nov. 2, 2018, 2:42 a.m.
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From the looks of the equity futures, we are now in the mode where we shrug off disappointing news.  Either way,  employment situation later this morning will be interesting.

By TimNew - Nov. 2, 2018, 7:23 a.m.
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Now I'm a little confused.

"Apple’s forecast for the December period calls for revenue of $89 billion to $93 billion. Those are staggering numbers that would beat Apple’s quarterly record of $88.5 billion set last year in the holiday quarter. But it also represents sales growth of less than 5% from that performance last year, when the $1,000 iPhone X helped juice sales."