It looks like that 1350 magnet is still working. It's unreal how this market can't selloff. Or I should say, AAPL. LOL.
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The ACD Method
- Thread starter sbrowne126
- Start date
It looks like that 1350 magnet is still working. It's unreal how this market can't selloff. Or I should say, AAPL. LOL.
I traded all through the late 90's and I have never seen a stock like AAPL before. Absolutely relentless in a straight line.
As I go through all my rolling 5 day number lines there is weakness everywhere. This is as weak as it's been all year. The only thing strong really is tech. XLK at +5 and the QQQ at +6.
Everything else is either weak or very weak. Quon what you said earlier about the market is usually true. When you test a level over and over again, you usually are going to go through it. But the underlying market feels so weak ex-AAPL. Basically all these weak sectors would have to completely reverse and find some really strong bids. Small caps are weak, oil services, materials, copper, financials and real estate. Then you have AAPL. LOL.
Everything else is either weak or very weak. Quon what you said earlier about the market is usually true. When you test a level over and over again, you usually are going to go through it. But the underlying market feels so weak ex-AAPL. Basically all these weak sectors would have to completely reverse and find some really strong bids. Small caps are weak, oil services, materials, copper, financials and real estate. Then you have AAPL. LOL.
Nice article on TVIX if anyone is interested.
http://vixandmore.blogspot.com/2012...&utm_campaign=Feed:+VixAndMore+(VIX+and+More)
http://vixandmore.blogspot.com/2012...&utm_campaign=Feed:+VixAndMore+(VIX+and+More)
Quote from Maverick74:
Nice article on TVIX if anyone is interested.
http://vixandmore.blogspot.com/2012...&utm_campaign=Feed:+VixAndMore+(VIX+and+More)
Thanks...did you see that bit with TVIX getting bid above its fair value and MM's locking in a 2% risk free trade while hedging with Vix futures. Really interesting stuff...
Quote from Shanb:
Yea right? btw AAPL printing 511 afterhours! Notice that you don't trade alot of the momo names Quon, any reason?
This is going to sound strange, but I never considered it really. Based on the way I screen stuff, they don't end up coming up as ones I'd keep an eye on. I really never noticed until you mentioned it just now, but you're right, I don't typically have my eye on them.
I actually appreciate that insight, I might just spend some time trying to see what it is about how I narrow down that excludes them.
Quote from Quon:
This is going to sound strange, but I never considered it really. Based on the way I screen stuff, they don't end up coming up as ones I'd keep an eye on. I really never noticed until you mentioned it just now, but you're right, I don't typically have my eye on them.
I actually appreciate that insight, I might just spend some time trying to see what it is about how I narrow down that excludes them.
Just curious, what types of things are you screening for?