AAPL options volume exploded yesterday to a total of 2.3 million contracts, on a day that saw the stock decline 4.2%, closing a touch off of the morning lows. The one day decline is significant, …
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The Nasdaq 100 index has been trading just above its 100 day moving average (now around 3549) for most of today’s session. The uptrend in the Nasdaq has been so steady over the past year …
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The rally in the past 3 months has been particularly surprising since the former bull market leader, technology, has been a serious laggard. I’ve taken that as a long-term warning sign for the health of …
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On a day that saw the lowest SPY volume since 12/24/2012, index ETFs traded a good bit of protection. AAPL – Call to put ratio near 2 today, as the weekly 500 calls traded around 40k …
Continue readingTechnology has been a leader of the 3.5 year bull market. The Nasdaq made a new high before the SPX on each subsequent breakout over the past 3.5 years. Until the September breakout. Here is …
Continue readingOn many occasions we have discussed the concentration of strength among a handful of names driving much of the SPX and the NDX’s ytd performance. For instance the top 20 weighted names in the SPX …
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