Premarket: Apple is green

apple premarket green 12-21-21From the Wall Street Journal’s "Stocks Look Poised to Recoup Some Losses After Selloff" posted early Tuesday:

U.S. stock futures rose, resuming the seesaw action that has become the signature of markets since the emergence of the Omicron Covid-19 variant...

Investors have grappled with a mix of concerns heading into the end of the year. The rise in Omicron cases has spurred concerns about global growth and whether it will prolong the global supply-chain disruptions that have added to inflation. However, signs that vaccine boosters offer protection against Omicron have bolstered hopes that its impact on growth can be mitigated.

Meantime, hopes were raised that a version of the U.S.’s $2 trillion spending package could still be passed, after Senate Majority Leader Chuck Schumer said Democrats would take up the legislation early next year, despite opposition from Sen. Joe Manchin.

“It seems we’re continuing to get this risk-on, risk-off environment. Investors are kind of torn,” said Louise Dudley, an equities portfolio manager at Federated Hermes. Despite heightened uncertainty, investors are still incentivized to buy stocks, as government bonds don’t offer enticing yields, she said.

Charts: Yahoo!Finance still sees a bearish relative strength index pattern. Max pain stays at $165 with a call mountain at $175 and a growing peak at $180.

apple premarket green 12-21-21

7 Comments

  1. Michael Goldfeder said:
    Clearing out the weak hands in Apple moving forward. A very healthy indicator for Apple when it holds up better than the rest of the market on these down days. A good consolidation signal.

    1
    December 21, 2021
  2. Bart Yee said:
    Premarket with 10 minutes to open, AAPL is up $2.30. We’ll see how long that lasts today.

    Up early doing some chores and listening to my YouTube mix via AirPods Pro, sounds great. Vince Guaraldi, Kenny Rankin, Spyro Gyra, Michael Franks, Earth Wind and Fire, Chuck Mangione, Diana Krall, Sergio Mendes Brasil 77, Marcos Valle/Stacy Kent, Manhattan Transfer, Leonid and Friends (Russian Chicago tribute band – Beginnings!), Guys and Dolls, etc.

    0
    December 21, 2021
    • Michael Goldfeder said:
      @Bart: Any Herb Alpert and the Tijuana Brass?

      0
      December 21, 2021
      • Bart Yee said:
        @Michael Yes, Don’t Go Breaking My Heart was my Introduction to TJ Brass! The entire SRO album was great along with all the early albums. I have most all on vinyl too along with Brasil 66. Equinox was just a heavenly introduction to Bossa Nova along with Stan Getz and Antonio Jobim, and Giao Gilberto / Frank Sinatra duets.

        Was also listening to Charlie Brown Christmas soundtrack and highly recommend the Jerry Granelli trio’s versions of Linus and Lucy (always puts one in the holiday mood), and Skating, on CBC Music and The East Coast Music Hour on YouTube. Jerry was Vince Guaraldi’s drummer and the last surviving member of the original trio. Sadly, he died this past July 2021 at the age of 80.

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        December 21, 2021
    • Great listening choices! I take a Tijuana Taxi to get A Taste of Honey in Acapulco 1922, with Whipped Cream on top regularly, thanks to Herb Alpert and the Tijuana Brass!

      2
      December 21, 2021
  3. Richard Weathered said:
    Vince Guaraldi and Cast Your Fate to the Wind is one of my favorites and I can tell Siri to play it any time I feel like.

    1
    December 21, 2021

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