SOmeone on Bloomberg TV says 14 of the largest 15 hedge funds have AAPL as their largest holding and are trying to sell it down to reduce it below the top holding. qouted this from a guy on soh
You may be right. I`m not leveraged to the hilt on this one, but I think we're due for at least a retrace.
Not a bullish sign when Friday's low were repeatedly rejected on NQ. Order pending at 1414 for my short, but will get back in short for the gap at 1408 if I get another signal. I just need to work with smaller profit targets and not continue giving back open profits like I did last week. Smaller swings, reduced volatility = reduced profit targets. That's reality.
actually its a good point. the way markets retrace they hit stops on both the sides. I don't have a stop. I will reduce if it goes against me by 6 more points than now. I am going to keep this long trade till end of day, will reduce contracts at close of rth and keep the trade on for 2-3 days.
Change of heart. Miscalculated a level. Stop @ 16,00. Will hold it there and see if I can get a runner.