Ed Ponsi is the managing director of Barchetta Capital Management, an NFA-registered commodity trading advisory, and is also the president of FXEducator. An experienced professional trader, Ponsi has advised a variety of hedge funds and institutional traders. Ponsi has appeared on CNBC more than 50 times and has been profiled in magazines such as "Technical Analysis of Stocks and Commodities" and "The Traders Journal." He is the author of Selling America Short: The New World Order vs. the American Middle Class, released in Novermber 2011; Forex Patterns and Probabilities, a top-selling book on currency trading that has been translated for release in China; and The Ed Ponsi Forex Playbook, which was endorsed by Steve Hanke, professor of applied economics at The Johns Hopkins University.
By dropping the iPhone price and coming in low on Apple TV+ and Arcade pricing, the firm is aiming to steal market share from competitors.
The iPhone maker's charts indicate its shares could climb on a favorable response to its new products but should have a safety net if observers are unimpressed.
Take a half position in this name and wait for the relative strength to climb back up.
What's in your investment wallet: Mastercard, Visa or American Express?
The company's guidance on tariff's was conservative, but the bottom-line miss may not reflect the larger picture.
These 3 stocks have little overseas exposure and could benefit from dollar strength.
3M, Caterpillar and Johnson & Johnson all face headwinds with a strong dollar.
The charts are warning investors to brace for yet another disappointment.
Both Tesla and Netflix have struggled with consistent profitability.
The two commodities are in downtrends, which when combined with an economic expansion that is long in the tooth could indicate a recession is on the horizon.
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