By: Tom Gentile
on September 29th, 2022
This article is going to show that not only is AAPL being credited for leading the selloff based on reporting from a leading financial news network and its website.
AAPL stock was downgraded by a major investment bank today. AAPL was seen as an outperforming stock in this bearish market environment, but even this mighty stock has come under selling pressure as of late, This downgrade today had an effect where AAPL was trading down about 6%.
September History of Being Worst Performing Month for the S&P 500.
The selloff in the markets was seen as broad based, meaning their wasn’t just selling in one or two sectors, but in most of them no matter the sector or industry.
One could say that has been the case for the year, specifically this month of September.
Since 1950, September has been the worst month for the S&P 500 index. According to my good friend Jeffrey Hirsch’s Trader’s Almanac the average loss for the S&P 500 is 0.5%. Looking at the other major indexes in the same period none of them have traded lower on average.
The month isn’t quite over., but it is currently down 8-8.5%.
Continued Downside Momentum
There is data as to how October performs and I will write about that tomorrow, but for now if one is looking at a continued slide in the markets and one in AAPL specifically, due to this downgrade and overall continued market bearishness the Morning Reports Lists show AAPL on three of the lists and show the option where the most activity is taking place.
App: Toms Option Tools
Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.
Other times I will have other charts may work to amplify my educational points.
Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.
Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.
Stock and options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.
This is neither an offer to buy/sell/ or recommend a particular stock or option.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been actually executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with hindsight.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Disclaimer of Warranties and Liabilities Tom Gentile and TomsTradingRoom, LLC including employees, consultants, and editors (“Publisher”) cannot and do not warrant the completeness or accuracy of the content found in our areas, or its usefulness for any particular purpose.
Tom Gentile and TomsTradingRoom, LLC also make no promises that our content or the service itself will be delivered to you uninterrupted, timely, secure, or error-free. Under no circumstances will Tom Gentile and TomsTradingRoom, LLC be liable for direct, indirect, incidental, or any other type of damages resulting from your use or downloading of any content on our site.
This includes, but is in no way limited to, loss or injury caused in whole or in part by our negligence or by anything beyond our control in creating or delivering any portion of Tom Gentile and TomsTradingRoom, LLC.
You are agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that Tom Gentile and TomsTradingRoom, LLC will not be liable for any I, investment decision made, or action taken by you, or others based upon reliance on news, information, or any other material published by Tom Gentile and TomsTradingRoom, LLC.
Tom Gentile and TomsTradingRoom, LLC relies on various sources of information that we believe to be accurate and reliable. However, we make no claims or representations as to the accuracy, completeness, or truth of any material contained on our site.
Tom Gentile and TomsTradingRoom, LLC are educational portals, providing content for educational and informational purposes only. Neither Tom Gentile nor TomsTradingRoom, LLC are a broker/dealer. Investors need a broker to trade stocks and options and must meet certain requirements. All securities, futures, and investments data and ideas are offered to self-directed investors. All prices in USD unless noted otherwise.
A full disclaimer can be found here: http://www.tomgentile.com/legal_disclaimers.html.