AAPL daily: Chaikin money flow indicators both show exactly neutral, no accumulation or distribution is obvious... however both are coming to neutral from negative, so mildly bullish.
However, if AAPL were to close here, today, would be first red Elder bar this month.
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0% chance of rates hikes BTW. At least as the economy is currently constructed. If Washington goes on a massive regulation cutting spree this summer, that's the only way I think we might see it.
I believe its just the Fed trying to show a confident face. They have to show confidence in the economy to try to convince the private sector to spend and invest their cash hoard.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
Alcoa prelim $0.28 vs $0.26 Capital IQ Consensus Estimate; revs $5.82 bln vs $5.94 bln Capital IQ Consensus Estimate (13.67 +0.24)
Alcoa sees +6.5% of global aluminum demand in 2015; Prior outlook was +7%. Raised 2014 demand to 9%
price fluctuates between 13.57 - 13.88.
as of now 13.66
Last edited by jway888 on Wed Apr 08, 2015 4:13 pm, edited 1 time in total.
Another way to put is the Fed is thinking like this:
Fed official #1 "Ok, let's try to end QE again and hand the economy over to the private sector."
Fed official #2 "Do you think it will work this time or will we need QE4?"
#1 "I don't have a clue."
#2 "Ok, well, let's act really confident this time, maybe threaten rate hikes to show how confident we are, and maybe the business sector will start to spend its cash hoard?"
#1 "Worth a shot. If it fails, we just pretend there was huge bad news out of Europe or something and start QE4."
#2" Sounds good!"
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23