Apple’s (AAPL) Big Day

Apple confirmed its Friday hammer panic bottom with a $38 plus move higher, closing up 7.21 percent on the day. Nice!

How big was the move? BIG!

Apple’s $35.8 billion market cap increase on the day is larger than the total market cap of all but 146 listed public companies. At the high of the day,  Apple’s change in market value was larger than the entire market cap of Starbucks and almost as large as Dupont and Deustche Bank.  If ranked as a country GDP, the increase in market cap is  larger than 97 of the 186 economies monitored by the IMF. Stunning!

Where to now?  We don’t know with certainty, but, after consolidating this big move, it looks like the 200-day at $596 is doable, Always with a stop!

(click to enlarge)

(click to enlarge)

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

About Global Macro Monitor 183 Articles

Global Macro Monitor is a go-to source for traders, investors and policymakers, and anyone interested in markets and the global economy.

Visit: Global Macro Monitor

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.