Nowadays Apple is the other A in FAANG. Who'd a thunk it. It's trying to get positive on the day but has only made a 50% retracement so far. The other A Amzn can pulls the Naz but not without help from SOX - which see APPL - might not be happening anytime soon.
Yesterday: He doomed the shorts. Next week Jerome will probably say Ho Ho, as in 2 hikes for rest of the year. Anymore weak GDP reports and Ho Nothing will become the norm. If Tim Cook starts talking up AR/VR, then moon.
No problem, ill just wait for the Sunday night gap up after Munichen announces his cheery news on China
Haha, if there are ever two words that I will ever associate with Rickshaw Man, they are "magic futures". Gap up magic futures, gap up!!!
Absent a few outliers, every significant down day gets the levitation treatment. Even the night of the SVXY implosion in early February, markets "were made whole" by the next day. The problem with it (and by extension everybody who plays this tendency) is the markets never "clear" or capitulate. It's a death by a thousand cuts decline with markets stuck in perpetual limbo.
Indeed - which means when the real bear market does arrive it’s going to be endless short squeezes on the way down. That is if it’s ever allowed to actually happen. The powers that be seem all in on this one.
Less than 3 points off. Added some shorts as I said. Update to daily chart. We are growing near to breaking out of the wedge formation.