Looks like a potential breakout, just opened a long position (short AAPL), it may bounce back to the trendline, in that case I add. I don't like to short mega caps but charts are the charts and I treat it like any other stock. Good way to hedge your portfolio though.
As markets surge against expectations, many are starting to believe that the impossible might unfold. The unusually low fund allocation to equities reflects a market sentiment plagued by fear, yet mega caps are continuing to rise against expectations, making some investors feel left behind. With GDP figures beating expectations and headline inflation plummeting,...
In both 08 crisis & pandemic crash, small caps consistently going up for several months were the proof that the bears were done.
That has not happened yet for this recession! Notice small caps are at best going sideways, & starting to trend further down, while ^RU50 Mega caps (like XLG) think the worst is behind them & Bulls saying don't miss the party.
But it's...
Price target: $70.00/share
As part of my inverse big tech ETF...
Apple is another SHORT position going into this economic slowdown. Projecting $AAPL to decline about -60% to the 200-D MA, the .618 fib, and the pre-pandemic level.
1) Cause: Operating margin are coming down. Effect: Apple cutting costs (Bearish setup)
2) Market cap still holding on which is why...
AAPL - the last fallen star. People are selling their safest investments at the end. Down almost 5% on a day. Potentially will touch the 100 MA on weekly around $137.
Disclaimer: This chart shows how Non-Nasdaq100 Companies have fared vs Nasdaq100 Companies. I personally interpret this as the "SmallCap vs MegaCap Index".
The recent days have been incredible. We're witnessing the probably strongest rotation from MegaCaps to SmallCaps the market has ever seen. 🙌
As some of you might now from my previous ideas - we've been...
Ever wondered why your stocks keep going down although US Indices are at an All Time High?
Here is (most likely) the answer!
I've managed, with some degree of inaccuracy, to extract Nasdaq100 companies from the Nasdaq Composite Index .
This basically represents all stocks on the Nasdaq Exchange excluding Megacaps and SuperLareCap stocks.
The result is truly...
We might be in the midst of a trend reversal for a rotation that has been going on since March: Megacaps and SuperLargeCaps have been going higher, while everything from SmallLargeCaps to NanoCaps has been on the decline.
We've had many days recently where indexes seemed to go higher when the majority of stocks seemed to decline. That was, because we've seen...
