I don't know how high Apple is going this time around, but its a crowded trade long. Its gonna plunge. If it makes it to $317... you guys should all get out of this ES stuff, go all in short on Apple, and come back in a few weeks. Then buy me dinner. Via Uber/Grub of course.
Its a good entry if you can wait a bit. I think its gonna tick higher though, for now. Its a safety trade and the money is flowing in.
See, Apple's a Dow component, and there's a ying and a yang there. Before they'll let Apple drop, they need a sector rotation. If you look, Apple and Boeing move inversely on big days. There's a few others too, we don't necessarily need BA to go up, but the Dow 30 is highly manipulated. Its a tool for setting the tone of many many things.
I'm in baby to late for all that ;o). To think i owned it at 214 about a month ago.lol add S50 314.49
I just filled at 315.75 I'll let it breathe. Basis is 313.50. I only have 150 too, so no biggie. Be back later. g/l
EIA Inventory report just out: WTI Crude jumped on the news to $26.45, but then immediately sold off. I think the market had already anticipated a drop in crude oil inventory.