06/04/2014 Live Update

[Al_Dente]

meanwhile over at SPHB
they’re still chasing Beta
hourly
RSI default
50ma

[FlowerGirl]

YTD return of this simple setup = 16.9%. Define your trading objectives.

[fehro]

INDEX dailies

[fehro]

Another all time new high SPX.. everyone else lagging at the moment...

[Al_Dente]

[Cobra]

members only update at 11:25 am
http://www.cobrasmarketview.com/2014/06 ... ay-update/

[Al_Dente]

NY Advancing issues: 1300
NY Declining issues: 1500
Not broad participation

NY up/down volume ratio 1.3 to 1

Taking out the stops

[fehro]

AAPL 15m.. possible rising wedge of sorts... still in green upward channel

[Al_Dente]

June 2 was the record date for the AAPL 7/1 stock split
Investors who own AAPL shares as of that date are entitled to receive the additional shares due to the split.
The Split Date is June 6 – Friday. AAPL share split after the market close.
The Ex Date is June 9 – next Monday. On this day AAPL will start trading at the new split-adjusted price.

In other words, divide the price by 7
eg: If AAPL is trading at $630 on the split date (Friday), it will open at $90 on Monday.

[edit: corrected the record date; it was June 2]

[Bob_Golf]

Is it unusual that for the last 12 months the DJIA has underperformed the S&P500 by as much as 10 percent? Prior to that the averages mirrored each other.

[Al_Dente]

Idle speculation on WHY the split:
“A more likely reason for the dramatic 7-for-1 split is that Cook wanted to get the price to where AAPL could reasonably be considered for inclusion in the Dow Jones Industrial Average.
Because the Dow is price-weighted, AAPL at $600 or $700 would distort the index. But AAPL at $90 or $100 would fit right in with other Dow components.”

[fehro]

FXY daily

[Daniel]

NYSE up/down volume has been much stronger today than Adv/Dec issues, which has yet to even reach parity.

This is yet another sign of narrowing of participation, and breadth divergence.

[fehro]

USD/JPY daily

[Al_Dente]

Intraday board
Always odd to see VIX and XIV both green

[Al_Dente]

Lunchtime:

[tsf]

FWIW
Signals from Harapa's models have been quite good.
For example, when the markets opened down this morning, Harapa's model for ES turned more bullish,
from +1 EOD last night to +3 before the open this morning.
GLTA

[1der]

[quote="Al_Dente"]June 2 was the record date for the AAPL 7/1 stock split
Investors who own AAPL shares as of that date are entitled to receive the additional shares due to the split.
The Split Date is June 6 – Friday. AAPL share split after the market close.

Al, so what happens if I buy A100 shares of AAPL today, June 4, at 630.00? Cannot mean I still have only 100 shares come June 9 at $90 ?

[DumbMoney]

Lunchtime:

64lunch_png.png

Wow!

[Cobra]

triangle, bias is up.