We have a new market folks. No more unstoppable dip and runs that close strong. We are seeing dip and run and then dip again with mediocre close. Instead of dips being hard to catch and being fleeting, the rallies are hard to catch and fleeting. It is a reversed market. A ton of technical damage was done last week, and it will take time to repair that.Today's weak effort just emphasizes how changed the market is. AAPL should be a sell the news phenomena, but with the close being weaker, it makes it tougher to game tomorrow. I will stand by and watch, no position at the moment.
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9 comments:
thanks for all your timely updates....
its ok to step back and take no position at times...agree
What the heck is that picture.
I've seen that somewhere before.
What game is that? Looks like a game I played in Jr high.
Holy fuck.. now I remember playing this.
That was over 20 years ago.. shiet.
You remembered that? It was really hyped for a few months. Then it went away.
Yes, it was one of the first games on the Sega Genesis called Altered Beast.
BTW, AAPL blew out earnings, surprise! ES futures are higher, but not by that much. What is good for AAPL is not necessarilly good for the market.
Yeah but it was big in the arcades before that.
Are you still long?
I closed out my long during regular hours. I am flat.
and there goes AAPL in the red now
I also expected today's rally to have more oomph. However, today's weak rally has made more people negative and thats a good thing. And a step in the right direction.
Time to swing trade into China, again.
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