Well, today's news was better than it could have been! If you read our Digest this morning, you know that we expected an overall downturn in the market due to spiking COVID-19 cases around the United States and the world. We did see that, but losses were fairly limited, relatively speaking. It could have been much worse, but Wall Street is clearly still uneasy about the virus and especially about the lack of corresponding relief. When is Washington going to take action? We're all waiting for that to happen! But, as always, there's something better to do than wait... Why wait on a stimulus deal when you could be taking control of your future by trading a better, more profitable alternative to IPOs. Paul Scolardi and Rob Booker are teaming up to present The Next Million Dollar Trade Summit on Thursday, December 10, and they want you to be there. [Click here and enter your email to reserve your seat]( For these two trading legends to predict a million-dollar trade, they must have found something really special. And it all has to do with capitalizing on successful companies before they go public. To lear more than that, you'll have to attend the briefing. What are you waiting for? [Reserve your seat here](. How Traders Overcome Losses Do you know the feeling of having a big losing trade sitting in your account? Well, Rob Booker certainly does. He has one there right now. And he recorded a Youtube Live video today to show you how he plans to deal with it. [Click here to watch for all the details]( (Clicking registers you automatically. [Privacy policy]( Rob Drops a Trade Tomorrow Want a little preview of Rob's hottest trade idea before the Next Million Dollar Trade Summit? [Watch this video to learn what he's seeing]( registers you automatically. [Privacy policy]( Apple Starts Strong in December:
Here Are the Next Goals! Apple seems to be gaining ground again. They're pulling out of their sideways phase, as high as they've been in over a month. A good start.Â
Analyzing the daily chart for AppleÂ
The green line at the bottom is the benchmarkâwe shouldn't fall below that anymore now. If it does happen, expect prices around 102 USD or even perhaps 96 USD. The latter is an open gap from August of this year. The blue line was the ceiling for a while. We were able to break through it this November, and not just for an instant. However, that was the high point. Yes, we left the triangle, but the boring sideways phase afterward was extremely unspectacular.
A few days ago, we saw a parting kiss to the blue line. Now prices are rising again. Five green days in a row look good, and more importantly, much different than the past month.
Apple might be able to kick into high gear again and reach a new all-time high. That's the purple line in the chart and also our potential goal. If we number the points where the price touches the green and blue trend lines, we can go from 1 to 5. We can then draw the purple line through points 1 and 4. This is the target line.
Admittedly, we're pretty far from that line right now, and the market shows few signs of breaking upward. But Apple was able to climb sharply back in August. All we need is for that to happen again, and we'll reach the target line around 145 USD. That would be a nice goal to shoot for if it happened.
Apple is gaining ground at a fundamental level MAC sales in Japan could give Apple some wind in its sails. The M1 MAC mini is the top seller in the Japanese desktop PC market. Between August 1st and November 3rd, Apple was still fighting for third place with Lenovo. Now the M1 MAC mini is leading the pack, and therefore so is Apple.
In one week, it rose from 14.4 percent of the market to 27.1 percent. Of course, investors are pleased and the stock is more in demand than before.
Besides, Apple stock is already being traded for targets between 170 and 190 USD. Morgan Stanley predicts that up to 268 million iPhones could be delivered in the 2021 fiscal year, so there are few reasons to expect a stock price of under 100 dollars. Sure, the current overexcited state of the market might lead to a correction later, but in the medium term, Apple is set to rise rather than fall.
Best Regards,
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