January 28, 2019 | Avoiding Mr. Market’s Deceptions

Mr. Market seems to be enjoying playing against our expectations more than usual lately. On Friday, for instance, he left us with an ebullient finishing stroke that all but promised even higher prices on Monday. Lo, disappointing earnings from Caterpillar out before the opening set both the company’s shares and the broad averages reeling. That’s why I’m suggesting paying particular attention to a bullish price benchmark in AAPL . Can it possibly attain it? Seems unlikely. But the stock has looked so bad lately that I can’t help thinking it is where Mr. Market will to try to bamboozle us next. We’ll be ready in any event.
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Rick Ackerman January 28th, 2019
Posted In: Rick's Picks