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TD Cowen raised its price target for Apple (AAPL.O) from $350 to $400.July 31 – The Political Bureau of the CPC Central Committee held its 27th collective study session on the afternoon of July 30, focusing on high-quality advancement of national defense and military modernization. Xi Jinping, General Secretary of the CPC Central Committee, emphasized during the session that during the 15th Five-Year Plan period, it is essential to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement Xi Jinping Thought on Strengthening the Military in the New Era, strengthen political leadership, deepen innovative development, and advance high-quality modernization of national defense and the armed forces. This will ensure the timely achievement of the centenary goal of the Peoples Liberation Army, promote decisive progress in the basic realization of national defense and military modernization, and provide strong strategic support for comprehensively advancing the building of a strong nation and the great rejuvenation of the Chinese nation through Chinese-style modernization.Investment bank Davidson lowered its price target for Roblox (RBLX.N) from $45 to $40.July 31 - Capital Economics has withdrawn its forecast for a further rate hike by the Reserve Bank of Australia (RBA) next month, stating that this weeks second-quarter CPI data was sufficiently mild to convince the RBA that policy has tightened enough. Capital Economics economist Abhijit Surya said that despite this, the path to a decline in inflation may be bumpy. Coupled with the sluggish housing sector, Surya now expects the RBAs next move to be a rate cut, though not before the second half of 2027.In response to reports that Tesla (TSLA.O) is considering selling its China business to pave the way for a potential merger with SpaceX, Tesla CEO Elon Musk stated, "Thats fake news."

E-Mini Dow: Expecting Choppy Trade Ahead of Apple Earnings

Cory Russell

Apr 28, 2022 10:28

Following yesterday's sharp sell-off, which was fuelled by fears of an economic slowdown, June E-mini Dow Jones Industrial Average futures are creeping up early Wednesday. Microsoft is assisting in reducing the impact of Tuesday's drop. After the bell, the business released results that topped expectations.


June E-mini Dow Jones Industrial Average futures are up 260 points, or 0.78 percent, at 06:23 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) closed at $332.29 on Tuesday, down $8.27 or 2.43 percent from its previous close.

On Both the Top And Bottom Lines, Microsoft Exceeded Expectations

Microsoft's stock soared as much as 6% in extended trading on Tuesday after the software giant reported fiscal third-quarter profits that above analysts' estimates and provided an upbeat forecast for the current quarter.


The Dow's Components Will Be More Volatile in the Future On Wednesday, Apple and Boeing will release their profits. Investors will also be looking for the latest information on weekly mortgage applications, foreign trade, and pending house sales on the economic front.

Technical Analysis of a Daily Swing Chart

According to the daily swing chart, there is a downward trend. The return of the decline will be indicated by a trade through 33081. The primary trend will shift upwards if 35413 is crossed.


There is a little downward tendency. The minor trend will be reversed if 34038 is crossed. The momentum will change to the upward as a result of this.


32086 to 35413 are the short-term ranges. The E-mini Dow is now trading near resistance from 33357 to 33750, which is the lower end of its retracement zone.

Technical Prediction on Daily Swing Chart

Early Wednesday, market response to 33357 will likely influence the direction of the June E-mini Dow Jones Industrial Average.

Possibility of Growth

The presence of buyers is shown by a persistent advance over 33357. Look for a burst through the short-term 50 percent mark at 33750 if this move is able to produce enough upward momentum. The E-mini Dow will be able to test the minor high at 34038 if it can break through this level.

A Pessimistic Prospect

The existence of sellers will be shown by a persistent advance beneath 33357. This might result in a retest of the 33081 low from yesterday.


The sellers have returned if you take out 33081. This might set the stage for a rapid drop to 32578, the next major low.

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