Earnings beat, shorts pushed it down bigly, rallied back up the next day, now we're bullish re-testing. There is a virus which doesn't have a cure, doesn't have good data about (expecting China to provide anything legitimate is funny meme), and journos need something to write about. Why not stay inside, watch some Netflix? With a very high short float and big...
2/14/2020 415$ calls copped for 1.03$. Playing that $nflx tries to initiate short sell cascade, smashes upper unfilled gap and goes beyond. $dis+ means analysts and funds are short, war fears, and newest coronavirus sighting in US means more home time, need entertainment. If they miss poorly and it drops, it’ll settle around 320-325, playing gap at 305~. Lottery time.
Busy chart. US 30 is trending down since 26 Feb 19, and 22 March Price Shock was pivotal IMO: Note the long TL at bottom reaching back to 1996. Scroll R/L to see the extension. IMO this line will define the bottom for the 2020 bear market. Note the two-year 'Trump' TL which has enjoyed a parabolic run-up since election and corporate tax cuts. This curve is...
Volume Apple-0.09% Volume continued falling on Tuesday and Wednesday, -5% on each to 20.8m which is 45% below the 1 month average at 38.5m and 50% below the 6 month average at 40m. This is Bullish IMO as it shows that at these prices holders are not willing to sell their AAPL-0.09% risk at these prices, as they seek higher prices before they offer higher...