An Apple a Day Keeps the Investors AwayPosted 01/03/2019 10:57AM CT |
The overnight equity markets were mostly lower from an overbought market from a quick worldwide collapse of Apple product sales. Apple announced Thursday morning that it will greatly miss the quarterly sales forecast because of trade tensions and a weakening economy in China. AAPl, one of the world’s most held stocks, dropped over 10% and fell to fourth behind AMZN, MSFT and GOOGL as the biggest public company. The tech giant’s warning also dragged down others doing big business in China with Caterpillar and Boeing trading down 1.5% and 2% respectfully. Support today is 274600 and 243000 while resistance comes in at 254500 and 256700.
E-Mini S&P 500 Mar ’19 Daily Chart