$Microsoft(MSFT)$Big tech RIP sans apple. hold the market well, with all otherfactors pushing up other shares who were oversold . personally I think the sell off from Microsoft earnings are over reacted, partially because many holders are thinking apple could miss earnings target as well and cause a meltdown.
No one can predict the market they say. $Apple(AAPL)$met its earnings target. AH price movement shows price fight from the bears and bulls, figuring the earnings beat and the iphone sales outlook coupled with good mac sales. if you sat through earnings call, nothing really bad was said throughout, which is good. Tim mitigated questions well but notrevealing much, that apple is handling supply chain bottlenecks well, can earnings could be better if not for the dollar FX loss.
Looking forward, holiday season spending might get surpressed, but investor shrug that off. bulls won.
$SPY(SPY)$Close $390 resistance . Coming week should try $396.
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