Friday, October 15, 2010

Another Comeback

Another day with intraday weakness, another strong close, especially between 4:00 and 4:15. The futures traders seem to like to ramp it up after the stock market close.  Despite the weak financials, the techs have taken over to keep this market afloat.  AAPL reports after the close on Monday.  I'm sure they blow out the numbers again and ramp up the futures right after the release like it always does.  The pattern is so old and repetitive but it doesn't change. Looking for strength on Monday whether we gap up or down.


Anonymous said...

today oil went down
financials went down
spx went down
down went down
VIX was strong
gold went down

it was GOOGLE day, nasdaq went up only because of GOOG
institutions are selling , how can we say that Monday will be strong

Market Owl said...

There will be front running buying of AAPL earnings, and AAPL is 20% of the NDX. I am saying intraday will be up, which means the close should be higher than the open.

Anonymous said...

you are right, they will push NDX further, i think it will be good short next week, even though tech will drive the next boom but we are way too much overextended short term