apple premarket green 2-2-23
1 year ago
Published December 7, 2021 by

Premarket: Apple is green

apple premarket green 12-7-21From Reuters' "Nasdaq futures jump as tech stocks bounce back" posted early Tuesday:

Futures tracking the Nasdaq 100 index jumped on Tuesday as technology stocks rebounded with easing concerns about the Omicron variant, while shares in chip giant Intel rose following plans to take its self-driving-car unit public.

Some high-flying technology shares have been battered in recent days as investors priced in an aggressive tightening of U.S. monetary policy despite concerns about the Omicron coronavirus variant.

Tesla Inc rose 3.3% in premarket trading after dropping into bear market territory on an intraday basis on Monday, falling more than 20% from its record high close hit on Nov 4.

Intel Corp surged 8.1% after revealing plans to take Mobileye public in the United States in mid-2022, a deal which could value the Israeli unit at more than $50 billion, according to a source.

Other chipmakers Advanced Micro Devices, Micron Technology and Nvidia rose between 1.8% and 3.2%. Big tech stocks including Amazon, Alphabet , Apple and Microsoft rose about 2% each in early trading.

Charts: Yahoo!Finance sees a neutral commodity channel index pattern. Max pain is at $160 with a call mountain at $170.

apple premarket green 12-7-21

13 Comments

  1. Bart Yee said:
    Apple up $4.05 In premarket to $169.35 as of 5:45am PST. Should be an interesting open at 6:30am.

    1
    December 7, 2021
  2. Bart Yee said:
    AAPL up $4.30 at 6 minutes in with 8M shares already traded. Seems like a lot of interest so far and tech shares moving up.

    1
    December 7, 2021
  3. Romeo A Esparrago Jr said:
    Yep, past 170 now when I peeked 20mins after the bell.

    2
    December 7, 2021
  4. Bart Yee said:
    New intraday high of $170.78 set a few minutes ago. Volume at 45 min into the session 28.5 million shares. According to TD Ameritrade, institutional holdings are only 56.8%. Will we see more rotation back to AAPL?

    Eh, correction, just hit ATintradayH of $170.95. I don’t mind making corrections in this direction,

    Should be interesting at the close today, assuming no bad news.

    2
    December 7, 2021
  5. Romeo A Esparrago Jr said:
    Over 171 when I peeked 9:55am Texas time.

    1
    December 7, 2021
  6. Jerry Doyle said:
    Laissez le bon temps rouler.
    Laissez le bon temps rouler.
    Laissez le bon temps rouler.
    Geaux  !!!!!

    1
    December 7, 2021
  7. Bart Yee said:
    Ok, so AAPL today ended at a huge jump new all time closing high (ATCH) of $171.18, up $5.86, and had a new all time intraday high (ATIH) of $171.58. Volume was a good but not huge 111.37M shares. Roughly $18.9B+ in share value changed hands today.

    After hours trading is also moving higher into the range of ~$173.00, up another $1.82. So not only today, but maybe some activity for tomorrow.

    1
    December 7, 2021
  8. Bart Yee said:
    Where is Gregg Thurman in all this activity today? He must have been quite busy!

    1
    December 7, 2021
  9. David Emery said:
    Wawwwwhhhhh…. Up more than $25 from when I had to sell some shares 🙁 🙁 🙁

    2
    December 7, 2021
    • Bart Yee said:
      @David We all have that same story sometime in the past. But I’ll bet that currently you actually have more money in your account than when you sold the stock back in Sept. or October. It’s always gratifying to sell off some holdings during the year for operating expenses and then realize you still end up with more, sometimes much more, than when you started the year.

      1
      December 7, 2021
  10. Michael Goldfeder said:
    @David: Warren Buffet who didn’t need to sell any shares, had a Lieutenant who talked him into selling 750,650 shares back in September, 2019. That cost him about $21 Billion! Hope that Lieutenant’s blunder was larger than yours.

    1
    December 7, 2021

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