One Bad Apple Spoils the Index
On Wednesday, Apple (AAPL) dropped the most in four years and produced a 4-standard-deviation move to the downside. Apple is experiencing a volatility expansion, which is helping to keep the stock on the defensive at the moment.
This stock is the largest-capitalization name in the market and a heavily weighted component in the major capitalization-weighted indices. Traders need to be aware of Apple's impact and the distortion the name creates in the price action for several of the indices and be able to look beyond the influence of this one name....405 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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