US Market on 06 Feb 2023. Fall - AMZN, GOOG ? Rise - AAPL?

JC888
2023-02-06

Will Market today (06 Feb - Mon) continue from where it has left off last Friday ?

In my Friday's post , assumed that both Google and Apple may fall due to weak Q4 2022 earnings.

Only $Alphabet(GOOG)$ fell about -3%.  

Strangely, $Apple(AAPL)$ gained approx +$2.44% instead.

The "bigger" surprise of the day was the Non-Farm payroll added 517,000 jobs last month, far more than payroll gain of 188,000 expected; not to mention unemployment rate fell to 3.4%; lowest since 1969.  See below details.

US - Non Farm payroll and Unemployment rate

Data released has completely dashed any hope/s that the Fed will halt tinterest hike in the next FOMC meeting slated for 21-22 Mar 2023.

By the time market closed for the week :

All 3 indexes fell on 03 Feb 2023

  • DJIA : -0.38% (-127.93 to 33,926.01).  Getting dangerously closed to its 20-day & 50-day MA.
  • S&P 500 : -1.04% (-43.28 to 4,136.48). Maintaining a healthy gap from all 3 MAs.
  • Nasdaq : -1.59% (-193.86 to 12,006.95). Maintaining a healthy gap from all 3 MAs.

3 Indexes' Moving averages on 03 Feb 2023 (Fr9i)

To ReCap FAANG's Q4 2022 Earnings :

  • All 3 FAANG stocks' last quarter earnings came in "weaker" than anticipated.
  • Both Google and Amazon stock prices fell by -3.29% and -8.43% respectively last Friday.
  • Only Apple Inc manage to buck the trend and rose a credible +2.44%.

How Will Market Perform Today - 06 Feb 2023 (Mon) ?

US Pre-market indicators / Bitcoin & Ethereum prices

  • Looking at US Pre-market indicators (above diagram) - Red !
  • Bitcoin & Ethereum prices for last hour & 24 hours (above diagram) - Green & Green !
  • Asia markets (ASX - Red !, Nikkei - Green !, KOPSI - Red !, HSI - Red !)
  • EU markets - -(DAX - Red!, FTSE - Red !, CAC - Red !).

From the above pre-market indicators, very likely that US market would continue from where it has left off  last Friday

  • No mega cap company will be reporting its quarterly earnings today
  • No official report is due for release today as well.
  • All 3 FAANG stocks'  pre-market indicators are all showing up Red !

  • Do you think all 3 stocks - Google, Amazon & Apple will fall or fall further today ?
  • Do you think the Market will continue to fall today ?

Please "LIKe" this post ok.  Thanks.  The rating is very important to me.

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Comments

  • jeffry09
    2023-02-08
    jeffry09
    Some shorts getting forced margin calls from their broker to cover into the close. Fasten your seatbelts and thanks for buying Google.
    • JC888: 
      Tks for reading and sharing.....
  • YvetteGunther
    2023-02-08
    YvetteGunther
    Google is considered an AI stock pick. The AI investment they just made was brilliant.
    • JC888: 
      Tks for reading and sharing.....
  • historyiong
    2023-02-07
    historyiong
    already liked your article, so inspired by your posts about the stocks like FAANG stocks
  • fishinglo
    2023-02-08
    fishinglo
    apple net cash on hand for the quarter ending Dec 2022 is 19% decline year over year. Go check. But apple bulls will not tell you that
  • JC888
    2023-02-06
    JC888
    Hi
    Tks for reading my post.
    Pls "LIKe" it ok. Tks.
    The rating is very important to me. Tks tks!!
  • YorkTurner
    2023-02-08
    YorkTurner
    If AAPL can go over 153.50 and stablize, we will see 155 in no time
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