Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

Stocks Can Hold Up On Apple's Guide Down

Here's some of the notes we told subscribers today. They receive this and other reports daily on tech, trading and markets including our world ranked stock picks and timing calls. To see our full comments along with specific stock picks click here.

Apple just guided the quarter lower than previous expectations citing lack of supply and demand in China. Supply is coming back up but slower than expected.

We've heard from other producers that they've seen minimal China hit.

With the China outbreak known for a couple of months and stocks going up anyway, I would guess this type of news was expected.

Still I want to see how stocks trade.

The market is extended but not sure that matters with the Fed planning to buy $60B a month in QE plus a reducing amount of Repo support. That QE amount is as much as they bought in the heyday of QE. This time the economy and jobs are much stronger making this a special time for markets; strong economy and Fed support. Usually the Fed only supports in weak times. So this is extra bullish today.

Stocks have a ton of support right now in an already good economic climate for US stocks.

If stocks hold tomorrow, which I expect despite the Apple news, it will be a bullish sign.

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All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. All trades are hypothetical to show rating and opinion. All trades exclude relevant transaction costs. We have no holdings in the stocks mentioned unless otherwise noted.

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