{"id":105924,"date":"2017-05-12T09:46:35","date_gmt":"2017-05-12T13:46:35","guid":{"rendered":"http:\/\/countingpips.com\/?p=105924"},"modified":"2017-05-12T06:47:47","modified_gmt":"2017-05-12T10:47:47","slug":"friday-charts-more-apple-domination-and-volatilitys-strange-disappearance","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/05\/friday-charts-more-apple-domination-and-volatilitys-strange-disappearance\/","title":{"rendered":"Friday Charts: More Apple Domination and Volatility\u2019s Strange Disappearance"},"content":{"rendered":"<div id=\"inves-2068506487\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 12, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/WallStreetDaily.com\/\"><u>WallStreetDaily.com<\/u><\/a> <img loading=\"lazy\" decoding=\"async\" class=\"attachment-home-th size-home-th wp-post-image\" style=\"display: block; margin-bottom: 5px; clear: both;\" src=\"https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/05\/0517_charts_feature.jpg\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" srcset=\"https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/05\/0517_charts_feature.jpg 580w, https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/05\/0517_charts_feature-300x155.jpg 300w\" alt=\"Friday Charts: More Apple Domination and Volatility\u2019s Strange Disappearance\" width=\"580\" height=\"300\" \/><\/p>\n<ul>\n<li>Apple\u2019s series of record-breaking stats continues.<\/li>\n<li>Volatility\u2019s disappearance goes under the microscope.<\/li>\n<li>Time to rejoice or run for cover?<\/li>\n<li><a href=\"https:\/\/pro.agorafinancial.com\/m\/675941\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Also recommended: Fascinating trend supercharges blue chip stocks.<\/strong><\/a><\/li>\n<\/ul>\n<hr \/>\n<p>It\u2019s Friday in the <i>Wall Street Daily <\/i>nation. That means it\u2019s time to embrace the adage that a picture is worth a thousand words.<\/p>\n<p>This week, I\u2019ve handpicked two charts to convey Apple\u2019s current \u2014 and likely continued \u2014 dominance.<\/p>\n<p>Then, it\u2019s on to a handful of graphics that underscore the shocking disappearance of market volatility in a time of so much political uncertainty. Is it time for investors to rejoice or run for cover?<\/p>\n<p>Let\u2019s find out\u2026<\/p>\n<h2 class=\"subhead\">Candy Apple<\/h2>\n<p>Corporate records are meant to be broken. Apparently, Apple wants to break them all. Repeatedly.<\/p><div id=\"inves-745506795\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Consider:<\/p>\n<ul>\n<li>2015: Apple reports the single highest quarterly profit in corporate history of $18 billion<\/li>\n<\/ul>\n<ul>\n<li>2016: The company tops its own profit record, reporting an $18.4 billion haul.<\/li>\n<\/ul>\n<ul>\n<li>2017: Apple reveals it has the biggest cash hoard in corporate history, at $256.8 billion. If Apple\u2019s cash pile were its own public company, it would be the 13th largest in the world, right ahead of General Electric.<\/li>\n<\/ul>\n<p class=\"centered\"><img decoding=\"async\" class=\"centered aligncenter\" src=\"https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/05\/applecash_chart.png\" alt=\"Apple cash balance over time\" \/><\/p>\n<p>Of course, all along the way, these records have propelled Apple\u2019s stock to record highs.<\/p>\n<p>This year alone, Apple\u2019s stock hit 19 new record highs (and counting). As a result, Apple\u2019s market capitalization \u2014 you guessed it \u2014 hit a record high of $800 billion.<\/p>\n<p>As you can see in the following chart, many companies made a valiant effort to reach the same heights and failed.<\/p>\n<p class=\"centered\"><img decoding=\"async\" class=\"centered aligncenter\" src=\"https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/05\/upaway_chart2.png\" alt=\"Historical market caps for world's biggest companies\" \/><\/p>\n<p>It appears that the company is on a crash course with an unfathomable $1 trillion market capitalization now.<\/p>\n<p>Can anything stop it? Chime in using the comments section with your thoughts.<\/p>\n<p>If I were a betting man, though, I wouldn\u2019t bet against Apple.<\/p>\n<p>My <i>True Alpha<\/i> subscribers have been betting <i>on<\/i> Apple since December 2016.<\/p>\n<p>While the stock is up 31% since then, they\u2019re sitting on profits of over 150%. (<a href=\"https:\/\/pro.agorafinancial.com\/m\/675941\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Click here<\/strong><\/a> to find out how, and to start your risk-free trial to our premium advisory today.)<\/p>\n<p>And while I\u2019m convinced that Apple\u2019s trend of hitting new highs will continue, here\u2019s one trend I\u2019d bet you dollars to doughnuts doesn\u2019t last\u2026<\/p>\n<h2 class=\"subhead\">O Volatility, Volatility, Wherefore Art Thou, Volatility?<\/h2>\n<p>Wall Street\u2019s fear index is currently plumbing near record lows.<\/p>\n<p>The CBOE Volatility Index dropped to 9.77 \u2014 its lowest since 1993.<\/p>\n<p class=\"centered\"><img decoding=\"async\" class=\"centered aligncenter\" src=\"https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/05\/vixtime_chart.png\" alt=\"VIX volatility index over time\" \/><\/p>\n<p>That\u2019s even more remarkable considering the political volatility we\u2019re witnessing \u2014 here and abroad. Historically, political unrest and unpredictability can spook investors. Not this time.<\/p>\n<p>Not yet, at least, which brings us to this Reuters observation\u2026<\/p>\n<p class=\"blockquote\">A declining VIX typically indicates a bullish outlook for stocks, but the extreme lows the index has touched are sounding caution for some stock investors.<\/p>\n<p>Count Citi among them.<\/p>\n<p>The firm\u2019s Macro Risk Index recorded its sixth-consecutive monthly decline to hit an extreme low. According to Citi, \u201cComparable low levels of risk aversion have historically been followed by higher volatility, stronger USD, higher bond prices and weak performance of global equities.\u201d<\/p>\n<p class=\"centered\"><img decoding=\"async\" class=\"centered aligncenter\" src=\"https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/05\/macrorisk_chart.png\" alt=\"Macro risk index over time\" \/><\/p>\n<p>The takeaway: Don\u2019t panic. But don\u2019t be oblivious.<\/p>\n<p>Speculators should consider going long the VIX. It\u2019s only a matter of time before volatility returns.<\/p>\n<p>As for everyone else? Make sure you have trailing stops in place to protect your profits in the event of any sudden and severe market sell-offs.<\/p>\n<p>Ahead of the tape,<\/p>\n<p>Louis Basenese<br \/>\nChief Investment Strategist, <i>Wall Street Daily\u00a0<\/i><\/p>\n<p>The post <a href=\"https:\/\/www.wallstreetdaily.com\/2017\/05\/12\/strange-disappearance-gets-debunked\/\" rel=\"nofollow\">Friday Charts: More Apple Domination and Volatility\u2019s Strange Disappearance<\/a> appeared first on <a href=\"https:\/\/www.wallstreetdaily.com\" rel=\"nofollow\">Wall Street Daily<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By WallStreetDaily.com Apple\u2019s series of record-breaking stats continues. Volatility\u2019s disappearance goes under the microscope. Time to rejoice or run for cover? Also recommended: Fascinating trend supercharges blue chip stocks. It\u2019s Friday in the Wall Street Daily nation. That means it\u2019s time to embrace the adage that a picture is worth a thousand words. This week, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-105924","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=105924"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105924\/revisions"}],"predecessor-version":[{"id":105934,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105924\/revisions\/105934"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=105924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=105924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=105924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}