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CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs and spread bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Asset Watch
Thursday, September 29 2022, 10:10am GMT
Source: TradingView
Additionally, the Apple/SPDR S&P 500 ETF (SPY) ratio rallied sharply in September, while Apple has declined by less than the S&P 500. Therefore, investors see safety in the stock, even during these tumultuous times.
The only caveat is that Apple is approaching a make-or-break moment. For example, with $150 holding for now and its declining resistance line highlighting how Apple continues to make lower highs, the big tech behemoth will eventually break below support or surge above resistance. And with a deadline set for Oct. 10, we should have our answer soon enough.
As a relative winner with material upside if sentiment shifts, will Apple maintain its sanctuary status, or will it be the last shoe to drop during the S&P 500’s sell-off?
Sources:
S&P 500 seasonality
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CFDs and Spreadbets are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of Retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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