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On January 23, according to foreign media reports, Apple (AAPL.O) expanded the responsibilities of its Senior Vice President of Hardware Engineering, Terence Turner, to include design work, further solidifying his position as a leading candidate to succeed CEO Tim Cook. Sources familiar with the matter revealed that Cook, who has led Apple since 2011 and turned 65 last November, quietly appointed Turner to manage the companys design team at the end of last year. At Apple, design responsibilities hold special significance. This role, overseeing both hardware and software design, has long been held by senior leaders. Going back to the Steve Jobs era, the companys success has always been closely linked to the look and feel of its products. Sources revealed that Turner is currently referred to as the "executive head" of all design work within Cooks management team. This means he needs to act as a bridge between design staff and Apples senior management.Market news: Apples (AAPL.O) Senior Vice President of Hardware Engineering, Tenas, announced that he will also take on a design role, a move seen as a new signal that he intends to run for CEO.Microsoft 365: We are investigating an issue that could affect several Microsoft 365 services, including Outlook, Microsoft Defender, and Microsoft Purview.On January 23, Google (GOOG.O) announced a new search personalization option that uses user data from other apps across the tech giant to customize search results, its latest move to stay ahead of competitors like OpenAI. This new feature is part of a service called "Personal Intelligence," which allows users to choose to use data from their Gmail and Google Photos accounts to optimize search results in an AI-driven search mode. Google stated that, for example, when searching for travel itineraries, the system might combine hotel booking information from emails with photos from past trips to provide more personalized suggestions.Ukraines state electricity company announced that power outages will be implemented in all regions of Ukraine on the 23rd.

S&P 500 Price Forecast – Stock Markets Continue to Worry About Rates

Jimmy Khan

Feb 22, 2023 16:31


Technical Analysis of the S&P 500

The S&P 500 E-mini contract started overnight trading poorly and hasn't been making a lot of sense. Yet, the contract's high level of volatility persists, and as a result, downward pressure is beginning to build. It's important to note that the 200-Day EMA and the 50-Day EMA are located immediately below. Given that they are both rather flat, there may not actually be any momentum.


As it is slightly above the psychologically and structurally significant 4000 level, this may pave the way for a support level to develop in that approximate area. You must keep in mind that earnings season is now underway because it could cause the market to fluctuate. The moving averages and the psychologically significant 4000 level, if we were to break down below them, might drive the futures market and the index itself significantly lower.


It thus creates the chance of a decline down to the 3900 level, where we had experienced some buying pressure. Following that, there comes the 3800 level, which is considerably more significant and will get a lot of attention. When it comes to whether or not the market can save itself, we would be in that general area hanging on by a thread.


The previous two candlesticks have undoubtedly looked pretty bearish, and I think that may have some momentum built up in it. If the market were to flip around and bounce, then it may try to move towards the 4200 level. The minutes from the Federal Open Market Committee meeting, which are released on Wednesday, will undoubtedly also be relevant. This ought to provide traders a good indication of what the Federal Reserve members discussed during the meeting and whether or not there is an overall hawkish mindset or if there are any ice cracks appearing. This will have a significant impact on the market.

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