http://www.distressedvolatility.com/ SWKS Sell-Off In Sep Brings Down $AAPL, $QQQ

http://www.distressedvolatility.com/

$SWKS Sell-Off In Sep Brings Down $AAPL, $QQQ

source: stockcharts.com

Look how Skyworks Solutions ($SWKS), a major chip supplier for Apple's iPhone 5, got liquidated in September after increasing its revenue and earnings expectations for Q3 (9/20/2012).

In the chart below I compared the 6-month performance of Apple ($AAPL), $SWKS, other iPhone suppliers ($TQNT, $AVGO), RF Micro Devices ($RFMD, a SWKS competitor), and the Nasdaq 100 ETF ($QQQ). I've noticed that the market, or tech indexes first, usually follows the performance of $SWKS.