JoelAdams00
Long

AAPL vs SPY correlation

AMEX:SPY   SPDR S&P 500
AAPL             and the SPY             are always very highly correlated and AAPL             has high institutional holdings which tends to make it a leader of the SPY             .

Around the beginning of August there was a divergence in AAPL             vs SPY             and this led to the SPY             following it downward.I think we are experiencing this again.

The trade would be long SPY             short AAPL             in a relationship to make your risk equal on both sides.

Overall I'm still bearish on SPY             but It has many upwards gaps to fill and in 2008, 2011 it did not set new lows after the first drop with any gaps unfilled.

I'm still new to trading spreads but I think this should work out.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out