AAPL is the market
Updated
Some people still aren't getting it so here's an overlay of SPY (blue line) on AAPL.
I figured AAPL would be weak after the split since every Dow ETF and mutual fund had to dump 3/4 of AAPL holdings since the Dow is price weighted. More than I expected, and it can't seem to hold any gains from futures pumping.
I figured AAPL would be weak after the split since every Dow ETF and mutual fund had to dump 3/4 of AAPL holdings since the Dow is price weighted. More than I expected, and it can't seem to hold any gains from futures pumping.
Note
Most stocks went up premarket, AAPL went down. That's bearish.... AAPL is the market.Futures went oversold, so definitely a chance the market bounces here, but I'm not going long on anything until tomorrow at the earliest.
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AAPL green even though the market is red. First bullish sign since the top.Note
AAPL looked bullish but the selloff in Europe might not be over so I stayed out.
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