To gain an edge, this is what you need to know now.
Apple Spoils Momo Party
Please click here for a chart S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- There is a report that Apple (AAPL) is cutting iPhone 14 production. AAPL has such a high weighting in indexes that the news is spoiling the momo crowd’s stock-buying party.
- The chart shows when AAPL news was released.
- As of this writing, the momo crowd is buying the dip in AAPL stock.
- Home builder sentiment has crashed.