Apple has added nearly $90 billion in market cap the last week. At the rate its moving it would be worth over $3 trillion by end of 2020 which is an impossible feat. So apple is getting a bit hot. Will it touch 52 week highs, of course. Bjggest crisis in US history as Apple touched historical highs sounds like a great headline! Will be a nice short setup after historical highs are met
Yes 3000 tomorrow or Wednesday. Then 3200 by end of May.... New historical highs to 3500 by june. 4000 by August..October brings 4500.....5000 by November and then 6000 by December so everyone can buy the best Christmas gifts for the fed.....Thats my prediction. With nearly $10 trillion in stimulus and QE infinity there is nothing but upside for the markets. S$p to double in 6 months, will be the craziest market the world has ever witnessed.
Lets talk institutional trading for a second. Their quarter started April 1, which was around 2450. Thats anywhere around a 15% return in Q2 alone. And we still have half of May and all of June to go. You think they are going to be buying more right now ? Fk no. Why would they after making 15%+ and market looking top heavy ? How often can you get a 15% return in a month and change holding indexes ? Seeing as though the big institutions are the ones moving the markets, contrary to what plan the fed has, i still see this market down for the next month at least. I dont trade off of this opinion, I trade off of price alone so take it or leave it.