Apple - More Room
Apple hasn't been as amazing as the rest of the Mag 7 for 2024. But that's okay as good days are likely to comeback once it hits that strong support area towards 157-160.
Economy looks strong well at least by the weekly data and if it is what Jpow says than rate cuts shouldn't matter much if it's doing well that is. We have been delayed these rate cuts and market has rallied and most likely priced in multiple times so a bit of cautions is needed here.
We will hit few bumps along the way as it's the year of election but over all things look good if not great. For a better entry some retracement and off we go.
Economy looks strong well at least by the weekly data and if it is what Jpow says than rate cuts shouldn't matter much if it's doing well that is. We have been delayed these rate cuts and market has rallied and most likely priced in multiple times so a bit of cautions is needed here.
We will hit few bumps along the way as it's the year of election but over all things look good if not great. For a better entry some retracement and off we go.
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