the pullback mainly is because of AAPL, so won't go far. I expect it to be bought.
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Al_Dente wrote:fehro:
shouldn't u be telling us: VIX nHOD
need to be careful.. VIX was spikey in the pre-market.. was very wicky.. and green all morning … VIX nHOD >20d/50d now.. 200d 11.11 if HOD goes again.. QQQs very weak.. 20d goes.. look out below!
need to be careful.. VIX was spikey in the pre-market.. was very wicky.. and green all morning … VIX nHOD >20d/50d now.. 200d 11.11 if HOD goes again.. QQQs very weak.. 20d goes.. look out below!
thanks boss
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Something else is going on. Media says liquidity crisis in tech land. But yesterday everything was just fine. Charts off the Bloomberg terminals that are up at Zerohedge show bitcoin following not leading. Biggest FANG drop in months but again nothing in media that I have seen that explains the cause.
In the old days we would watch the market crater in the afternoon (insert clip of electrical transformers blowing during a hurricane) when hedge funds got taken out by forced margin calls. But not in the morning. My gut says a major hedge fund is getting out and no central bank is willing to take their shares.