The Closing Print live trading and financial blog during market hours.

Computer Hardware and Apple

The technology sector was strong yesterday. At the top of the list, computer hardware hosted the most stocks with relative strength. In a welcome surprise to yours truly, CNBC and its talking heads got it wrong again. Apple blew away earnings, issuing strong projections and forward guidance. China sales grew 21% in first three months of 2018, and iPhone X was biggest selling smartphone in the country.

Computer Hardware – Top 15

A quick scan of these names is worthwhile. NTAP was one of several names that show promising patterns.


Computer Hardware

Futures are oscillating this morning between red and green.

In other news, the FED completes its two days meeting. Fed Chair Jerome Powell has said, he will not hold a press conference following the decision and will not issue updated economic projections. Analysts will be focusing on the central bank’s post-meeting statement.

Since the FED is active today, we will be patient with new trades. Instead, we will keep an eye on most active stocks as FED days are usually slow.

Happy Wednesday,


We will be LIVE at 9:20 AM.


Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.