September 28, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Bank Of England

Please click here for a chart of  Nasdaq futures (NQ_F).

Note the following:

• Start out by reading yesterday’s Afternoon Capsule.
• The chart shows aggressive buying by the momo crowd in after hours.  The momo crowd was encouraged that their buying was able to hold up the market yesterday.
• The chart shows when the news came that demand for iPhone 14 was faltering, leading Apple (AAPL) to give up on plans to increase production.  Apple had plans to increase production in anticipation of higher demand.