NQ, seriously?

Discussion in 'Index Futures' started by Overnight, Jan 2, 2019.

  1. Overnight


    I guess this was because of Apple's announcement about Q1 2019 revenue forecast. 120-point drop in 10 minutes. Good grief.

  2. Metamega


    Nasdaq weights are a little whacky. Microsoft, Apple and Amazon make up almost 30 percent or the index. Throw in google Facebook and your at near 40 percent. Highly concentrated these days.
    murray t turtle and VPhantom like this.
  3. S2007S


    That's what happens when one stock like apple makes up nearly the entire Nasdaq market....this news is just the beginning for tech...Nasdaq 5000!!!!
    Carlw likes this.
  4. S2007S


    They should have created a more diversified weighing within the Nasdaq, having relied on only a handful of stocks the drop now will be even more significant as these were the same stocks that created euphuria on the way up...
  5. ET180


    This news should not be surprising. The Chinese government is behind the Apple boycott enforced by social credit score. I'm not so sure that other tech stocks will be hit in the same way as Apple. If I had to guess, I think we'll bounce tomorrow, but my market prediction accuracy lately has been horrible so maybe do the opposite of what I predict.
  6. Handle123


    Does it matter what it does so long as it moves? I don't understand you guys.....
    WeToddDid2 likes this.
  7. Overnight


    I think it is important to understand the why of what it did. This can help us anticipate what shit like this will do in the near future. That is my angle on it. This was not a technical move in any way. This was PURE fundamental.
    wrbtrader likes this.
  8. EsKiller


    Enjoy the big move. That’s what differentiates the NQ from other indexes.
  9. maxinger


    don't bother about
    WHY market move suddenly.
    most of the news are questionable and probably not written by traders.
    so have to read it with a pinch of salt.

    we just need to know
    HOW to earn $$$ from such market
    Carlw likes this.
  10. momoNY


    For swing traders it matters a lot; if an index behaves just like another stock then what's it's purpose? It becomes as risky as a stock when holding positions overnight.
    #10     Jan 2, 2019
    murray t turtle and destriero like this.