Apple #1 in the Nasdaq 100 with the biggest weight. Although they seem stable, that doesn't mean they can not come down. Below are some key factors that would contribute to Apple selling towards $100.
Key Factors
Targets
200MA is $147.75 which is very possible in a 2-week span.
Key Factors
- Economic Slowdown, reduced revenue & earnings.
- P/E Ratio is around 28x
- 1M & 1W have room to sell.
- FOMC Decision.
- Recession risk from raising rates.
- Closed below 50MA and 100MA
Targets
- $150 Short Term (2 weeks)
- $140 Late February
- $120 Long Term (Summer 2022)
200MA is $147.75 which is very possible in a 2-week span.
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This chart still remains. Apple will sell this earnings rally and continue towards the $100 target. This company is still trading at 29x earnings.
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Apple's Earnings as well as Federal Reserve QE helped push equities higher, but the target still remains. The underlying factors haven't changed, except worse than expected CPI.
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March 18th $125 Puts - Expect 200-500% at minimum.
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It seems like no matter how good charts get, it is almost impossible to predict movements when the stock market no longer takes account economic data, geopolitical events. The market has become so unpredictable now that the Fed Market Makers and PPT move the markets as they wish. The movements are all fake without base or cause. This market is disconnected from reality altogether.
