Bad Reaction to the Product Reveal
If you missed the Apple product reveal, then you can watch the recorded stream in the link below.
Volatility Event
Tim Cook just revealed the new series of Apple products in a much anticipated presentation. Because the stock is so heavily weighted in the major indices, any price moves in Apple can possibly cause systemic moves throughout the market. With such anticipation and overallocation within the indices, a product reveal from this company can be a volatile market moving event. And you can see it in the charts today.
The presentation started out somewhat lackluster, but shortly after, Apple's share price began to climb as the presentation debued the Apple watch. The price action topped off and began to fall as the iPhone was being revealed. Suddenly, a huge downshoot occurred immediately following the announcement of the price for the iPhone. The market calmed down a bit until the price of the iPhone Pro was announced. Then, an even larger red candle appeared. I have illustrated all of this in the chart below.
Systemic Correlation
The product reveal caused major volatility throughout the markets. You can see the S&P 500's price action in the chart directly below. Its price action shows a major correlation with the moves that Apple made during the presentation. You could say this is due to the high concentration of the company within the index. But, many other unrelated stocks in completely different industries were experiencing the same correlation today.
When is the Rebound
Lately, things have not been looking good for Apple. Especially considering the problems they are having in China, coupled with the short-term bearish sentiment in the markets. All of this could have added to the downward pressure today.
Most analysts are saying the risk-off mood in this company will not last long. That is what I believe also. Personally, I am waiting for a good dip buy opportunity with this ticker.
As always, this is not investment advice. Good luck trading. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Give your investments time. Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend.
$Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$ $Tesla (TSLA.US)$ $Advanced Micro Devices (AMD.US)$ $Amazon (AMZN.US)$ $Meta Platforms (META.US)$ $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ $Netflix (NFLX.US)$ $UnitedHealth (UNH.US)$ $Home Depot (HD.US)$ $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ $Johnson & Johnson (JNJ.US)$ $Eli Lilly and Co (LLY.US)$ $Visa (V.US)$
$Invesco QQQ Trust (QQQ.US)$ $iShares Russell 2000 ETF (IWM.US)$ $VIX Index Futures(DEC4) (VXmain.US)$ $SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Gold Futures(FEB5) (GCmain.US)$ $E-mini Dow Futures(DEC4) (YMmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P MidCap 400 Futures(DEC4) (EMDmain.US)$ $E-mini Russell 2000 Index Futures(DEC4) (RTYmain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $VIX Index Futures(DEC4) (VXmain.US)$
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luckme : You've misplaced this review, this is Tesla not Apple
SpyderCall OP luckme : I will remove TSLA from the stock symbols. Although I should say that Apple's volatile drop in price was felt by TSLA also
好学近乎之 luckme : This is Nvidia. It's not Tesla. apples
73404583 luckme : It feels a bit wrong. I really want to see every stock posted
黄珊 : Is it suitable for newcomers to enter the US stock market now?
luckme 好学近乎之 : I saw his Apple review in Tesla stock
好学近乎之 luckme : It has put a lot of votes below, all @出来了... I saw it in the Nvidia review
SpyderCall OP 黄珊 : If you are a very long-term investor, and you can buy and hold without selling, then I think any time is a good time to enter the US stock market. Whenever there is a recession and the market drops big, then I would buy more at the bottom.
SpyderCall OP luckme : I removed Tesla already
SpyderCall OP 好学近乎之 : I was adding those to potentially gain more viewership. I have removed TSLA and NVDA. My apologies for the bother.
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