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Apple Breaks To New 3-month Lows

February 27, 2024

Remember when Apple was the most important company in the world?

Wasn't that like just a few months ago?

How convenient that it is no longer relevant, now that the stock goes down in price every day.

Apple closed yesterday at the lowest levels since early November...

Can the Nasdaq100 go on to make new highs without the stocks that got it here?

What happened to, "Dance with the date who brung ya"?

Here's the Equally-weighted Nasdaq100, to get a broader look at the average.

It reminds me a lot of the behavior of Google.

So when wondering whether the equally-weighted Nasdaq is going to be able to break out to new all-time highs, I like to look around and see how the individual components are reacting to their equivalent levels:

Google just closed yesterday at the lowest levels since the first week in January.

Again, this is not the kind of market that we were in towards the end of last year.

This is just a different environment.

I think it's also important to recognize the fact that Bitcoin continues to grind higher, despite any weakness in Tech.

Look at these new 52-week highs for Bitcoin as it exceeds $1.1 Trillion in Market-cap:

There's is a lot happening in Crypto markets, especially while Technology stocks have been underperforming.

Bitcoin and other Crypto assets are simply not trading like most Tech stocks.

This is a different animal altogether.

It's exactly what we're going to be talking about it this Thursday LIVE @ 2PM ET.

And you're invited!

Make sure to sign up here FREE, so even if you can't make it live, you'll still receive the recording.

In this Special LIVE Event, we're going to go over:

  • What this new Bitcoin ETF approval means for investors.
  • What we're doing about the upcoming Bitcoin Halving
  • Why the month of May could be so important for Ethereum
  • And I will reveal brand new exclusive data, that we get directly from several blockchain networks, to help us make more informed decisions in Crypto Markets.

You won't want to miss this!

Now is the time. Don't miss another cycle.

This looks like it's setting up to be the biggest one yet!

REGISTER HERE FREE - Thursday Feb 29th @ 2PM ET

See you there

JC