Tracking Apple Events Versus The Semiconductor Sector

The big news of the day yesterday was the Apple event (APPL).  Apple always has an impact on semiconductor stocks in a good and or a bad way. I remember making a fortune on CRUS years ago due to APPLE using their product.

For informational purposes only I pinpointed the in Semiconductor ETF (SMH) chart the last 7 Apple events. Without forming too much of an opinion you can see that these events have for the most part changed the previous trend in the Semiconductor ETF in the very short term.

SMH TODAY

My opinion and outlook are subject to change as new information comes in.

Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463. 

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.