Power Plays Weekly Roundup

November 4, 2022

By Scott Redler

We are closing out yet another wild week in the markets.

Our focus has been minimizing damage because markets are so treacherous.

Yesterday, we closed out Apple (AAPL) right before the close for a small loss. And it's down another $3+ from there.

Remember, Apple wasn't even close to being one of the big disappointments of earnings season, and even that can't hold it together.

Between yesterday's Fed decision and the jobs numbers today, it's hard to imagine a pivot any time soon.

Tech is a big headwind. We really need Apple and Tesla (TSLA) to get it together. Hopefully, they won't go the way of Amazon (AMZN), Google (GOOGL), and Meta (META).

That said, the market is holding in decently today, even with Apple and Tesla down.

And we are seeing some bright spots like Starbucks (SBUX).

But do we need to see rallies is more than just energy names.

Stay tuned for more updates next week.

Have a great weekend! You earned it.


Scott Redler Positions Disclosure