Some people still aren't getting it so here's an overlay of SPY (blue line) on AAPL.
I figured AAPL would be weak after the split since every Dow ETF and mutual fund had to dump 3/4 of AAPL holdings since the Dow is price weighted. More than I expected, and it can't seem to hold any gains from futures pumping.
I figured AAPL would be weak after the split since every Dow ETF and mutual fund had to dump 3/4 of AAPL holdings since the Dow is price weighted. More than I expected, and it can't seem to hold any gains from futures pumping.
Note
Most stocks went up premarket, AAPL went down. That's bearish.... AAPL is the market.Futures went oversold, so definitely a chance the market bounces here, but I'm not going long on anything until tomorrow at the earliest.
Note
AAPL green even though the market is red. First bullish sign since the top.Note
AAPL looked bullish but the selloff in Europe might not be over so I stayed out.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.