Apple Inc. (AAPL)

Remember when Amazon reported earnings loss in Q1, and I warned ahead of time showing their website hits dropped dramatically? Well, it's even worse now. After the Ukraine invasion, consumers stopped buying stuff they don't need because of a massive rise in oil prices, and therefore inflation. Q1 only included ONE month of the Ukrainian invasion effects (March). Wait until next quarter when their losses will include THREE full months of the Ukrainian invasion effects AND 2 full months of China's Shanghai lockdowns.

Read the news about $TSLA production isn't ramping up? Supply chain issues. $AAPL indefinitely affected as China keeps locking down again in the future. Shanghai is opening up, but a report shows only 0.5% of companies are on a white list. That's HALF a percent of companies!!! It'll take time to get shipments to the rest of the world, months and months. The next 2-3 earnings will be epic losses.

China's dead set on zero COVID policy, meaning the moment the virus just ticks up a few cases, they'll lock down hundreds of millions of people again. Putin isn't giving up no matter how many Russians or Ukrainians die. The only option is Feds keep raising rates aggressively and undoing a ridiculous $9 trillion QE balance sheet to lower inflation.

The selling is nowhere close to be done. In a bull market, you buy the dips. In a bear market, you sell the rips.

The Nasdaq $^IXIC $QQQ , S&P $^GSPC $SPY, Dow Jones $^DJI, and small caps $^RUT indices will need to fall -50% at MINIMUM. There's a good chance we'll see -70% or more given China's unwavering zero COVID policy.

Click to see full image, or go to Wolfram Alpha website and plug in Amazon's address, and click the SHOW HISTORY. It's going to get so much worse.

https://photos.app.goo.gl/ExxcKECm1Y3TxUkX6

Holy shix. I kept expecting a bounce, but each time a bounce attempted, it gets sold off. Target $TGT and Walmart $WMT showed the double whammy we're facing from this inflation mess. If people keep buying shix, earnings is OK, but Feds keep raising rates more aggressively from inflation, causing an even more epic recession and stock sell off. If people stop buying shix, it lowers inflation, but causes the stock market to crash. Either way this doesn't look good now with S&P 3,800 and Nasdaq 11,000 about to break. After support breaks, the sell off will accelerate. $AAPL and $AMZN will keep going down from capital preservation, dragging the indices lower and lower.

Even China's reopening is not going to help because they've shown to the world that even just a few cases of COVID will cause them to lock down again. 1999 all over again. -50% minimum, probably -75% indices drop by next year. -90% if there's some sort of black swan like solar flares destroying electronics, or some other new virus, or even COVID coming back with a new variant that's even more infectious than Omicron and its subvariants and more deadlier too.

$SPY
$^GSPC

The key to watch is Monday's close and intraday chart trend. If it closes green, or the trend is up, even if it sells off some for profit taking early on or mid-day, that's a BIG bull signal. That means it'll continue up the next few weeks, especially with Shanghai cases down dramatically, with officials closing down some COVID quarantine centers, and stores starting to reopen. China was locking down because most of their vaccinated are young working class, and not the elderly like in the U.S. and western countries. They are attempting to vaccinate older people now. Once that's done, lockdowns will be less of an issue.

Nasdaq should bounce at minimum a 50% retrace to 13K, possibly higher as the 5 day detailed charts show resistance is actually around 13.4K, while the S&P should also bounce to the 4.3K area, possibly higher with $TSLA and $AAPL factories in Shanghai ramping up from low capacities of 30% or less. The Russell 2000 small caps $^RUT also usually leads up (or down), and with it starting to lead back up, this is a bullish sign. Less inflation from China and Russia means lower rates from the Feds. Futures currently opening green, a good sign indeed. To da moon, folks! Any price at this level is a steal for the near term. That's why big money bought big the past weeks. Buy or cover while you still can. Consider yourselves warned, again.

$^GSPC
$SPY
$QQQ
$UVXY

Bob
19 hours ago
$^IXIC conversation
I officially declare the near term bottom was in today. We could see more selling near the end of year when China locks down again, but it came very close to support (3,800 for $^GSPC and 11,000 for the Nas) and bounced right off, twice. All technical analysts know this, and so do all AI. The algos will be pushing this back up. Time to close short positions and go long, kids. $AMZN rallied, and $AAPL $140 support held.

$SPY
$QQQ
$DJIA

Buyer strike... DON'T FIGHT THE FED!

Or else, you'll get caught in the fade...

$^gspc $^ixic $aapl $msft $amzn $goog $nflx $tsla $fb $amd

LOL when I warned you guys that China's lockdowns and Putin's illegal land grab of Ukraine was the cause of inflation, people laughed at me. Now that Powell is confirming the SAME THINGS I SAID, and China is reopening and Putin is on the verge of getting his war criminal troops wiped out (British intelligence estimate about 30% are no longer effective), inflation will start cooling down, and Feds won't need to go as aggressive. It's all about China and Russia right now. The rest will be resolved in due time when more and more vaccines become available to the rest of the world, especially third world countries that manufacture junk that western economies buy, thus alleviating inflation and supply chain issues. The time to short was the past 5 months. It's now time to buy for a BIGLY bounce. BIGLY I say. Consider yourselves warned, again. And again, and again. You get the picture.

$^GSPC
$SPY
$AAPL
$AMZN
$UVXY

This too shall fade...

$^ixic $^gspc $aapl $tsla $msft $amzn $goog $nflx $rivn

$AAPL
Told you all hundred times :
This thing shows some support at $130,
Then $120

LIKE I SAID, 5hrs ago

Mr5 hours ago
$AAPL conversation
AS LONG AS AAPL STAYS ABOVE $150, THE MARKET WILL NOT PANIC.

NOW PANIC SELLING has started with AAPL under $150, but we all know when the dust settles, AAPL will come back even stronger. 😎