Apple And The Market Headed In Opposite Directions (AAPL, SPY)

When it comes to investing and trading, very few things can be as frustrating as being on the right side of the market, but not catching the move because your holdings aren't tracking the indices. This obviously is not always the case, as frequently investors will try to construct portfolios which are not terribly correlated with the major averages, but in most cases, investors want some beta exposure. Apple AAPL holders are experiencing a very small microcosm of this phenomenon on Wednesday. They are not participating in today's rally, and instead, they are seeing their shares headed in the opposite direction. Not that we should feel sorry for them, as AAPL shares have surged 48% over the last 52-weeks, but it can be frustrating nevertheless. AAPL has been thoroughly rebuffed by the $350 level, which is proving to be sturdy resistance. During Wednesday's trading session, the stock has lost 0.68% and is trading at $348.64. The SPDR S&P 500 ETF SPY, on the other hand, has risen 0.91% to $133.06.