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Forbes Money Markets Stocks This Week: Is Apple Ripe For Purchase? Bill Sarubbi Contributor Great Speculations Contributor Group Opinions expressed by Forbes Contributors are their own. Following Sep 24, 2023, 12:00pm EDT | Press play to listen to this article! Got it! Share to Facebook Share to Twitter Share to Linkedin AP Photo/Mark Lennihan, File Copyright 2023 The Associated Press. All rights reserved. The September market weakness is being played out. The election year cycle and the decennial cycle both suggest that the fourth quarter will be strong. Apple AAPL has been a highly seasonal stock in the autumn as we can see in the monthly histogram of expected return. September has been the weakest month and is followed by October, the strongest month. Apple has closed September at a lower price 67% of the time, but the stock has risen over 70% of the time in October. If price has fallen in September, the likelihood of a strong October has been 75%. Here is a closer breakdown. From October 3 rd through December 7 th , the share price has risen almost 70% of the time for an average gain of over 13%. The monthly dynamic cycle bottoms in October. There have been two buy signals in the last year and both have been successful. The market weakness may not have concluded. Defer purchase until the first week in October. Apple Monthly Histogram This two-month period has been pivotal for this stock. Cycles Research Investments LLC Apple Monthly Cycle The monthly cycle is bottoming. Cycles Research Investments LLC Apple Daily The stock is oversold and relative strength has held up. Cycles Research Investments LLC MORE FOR YOU Stock Market: Last Week’s Alarm Bells Are Serious Bitcoin s Fed Nightmare Is Suddenly Coming True These Steady 8 Dividends Are Trading Like Its 2019 Follow me on Twitter . Check out my website . Bill Sarubbi Editorial Standards Print Reprints & Permissions
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