The Long Investor
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$AAPL TOP 20
🕑 Added 2025-05-01 16:16:04 +0000 UTC$AAPL reports after the close today, along with $AMZN.
Yesterday was the easier day for the Mega Caps with $META and $MSFT but $AAPL and $AMZN are a lot more exposed to the Trump Tariffs, so this will be a very important earnings evening for us and the market.
$AAPL tested its amber 0.5 Fib at $214 today and the 50 WMA is just moving up to the 0.618 Fib at $225 now.
We know $AAPL makes the majority of its products in China and it will take a considerable amount of time to move their operation to India, which they have suggested but right now $AAPL is exempt from the Trump Tariffs but there will likely be a concern on whether or not they can stay exempt.
On top of this, if a recession is confirmed in the next quarter, declining sales may become the next issue as people hold off on updating their phones to the latest models.
