Wednesday, October 6, 2010
AAPL is still the Patron Saint
Want to move the market, just buy 1 stock.
I wish I could afford the $10,000 a year subscription to NASDAQ to see the NASDAQ 100's actual weighting. I understand AAPL accounts for nearly 20% of the NASDAQ 100.
24 comments:
It is my understanding that Amazon, Intel and Cisco make up roughly another 15-20%.
http://www.grainmarketresearch.com/ndx_symbols.cfm
Stocks in the Nasdaq 100
Thanks Jack, but I have the components, I track their close/volume relationship, i'm talking about each stock's individual weight in making up the index, their not each worth 1%, for instance, from what I understand AAPL is worth 19%, which is the same as the bottom 51 stocks combined,
I e-mailed you another link, maybe still not what you are looking for. What I sent might give some insight as it will tell you at any given point what the effect is on the index as a whole by each stock.
Maybe today is the start of a disconnect from the stock market with the EURO/USD. Market flat to down, while the EURO has been rising. In the past the market would be up with this trade.
here comes the calvary, never good for the short side to see buying at the end of day!
I would agree, what does 3C say about the end of the day? and into tomorrow?
dow is screamin for 11000 wants it bad
Also I beleive this is the first day we opened and closed over 1150 spx?? that sure isn't bearish. Again this continues to feel like high level consolidation.
Well, DOW closed nicely up. $dollar closed weaker and another good day for GOLD to boot.
All the opposite of what 3C has called, both last night and even in last couple of hours:
http://www.screencast.com/users/BT247/folders/Default/media/e9959579-f769-4109-b2a9-b45988a16cf0
And, seriously Jack, you ask what 3C thinks of the close going into tomorrow? Can you really trust 3C. Looks like DOW $11k tomorrow, what hell breaking loose is that going to bring? Is it at that point that Brandt says "time to trim back on those shorts"? I seriously hope not, after this 1000 point rally on the DOW.
After hours getting goosed too, only 25 points off of DOW 11k.
Can we ask what you have advised you 'high roller' Brandt please?
and wasn't todays volume on the high side too?
http://stockcharts.com/h-sc/ui?s=%24INDU
... meant to say, yesterdays volume.
I can trust 3C to tell me what I am looking for. What you are looking for might be something different. The SPY is basically flat in AH and the Euro is starting to retreat. Volume on the SPY was the lowest in a week. The 2nd lowest since the 27th of Sept. You would have to go back to September 10th to find another day lower.
Jack,
http://stockcharts.com/h-sc/ui?s=spy
But since the low SPY volume on the 27th Sept, the market has still gone higher since then.
http://stockcharts.com/h-sc/ui?s=$indu
Best volume on the DOW yesterday since the 18th September, and the DOW has gone up 350+ points since then?
So, what's your point there?
The Euro is down 7.6 after hours after a good run today to add to the huge run it's had in the past month or so. Significant, really?
I think you make my point for me. Rising market needs volume to justify the move, otherwise it is suspect and weak in nature. Subject to big drops and fast reversals. We have not had good volume this month. One day of volume does not justify the rise, but may indicate that alot of people finally decided to chase the market. Which of course is never a good sign.
By the way, can you justify why the EURO/USD trade was so strong but the market put in a subpar performance. Based on the rise, the market should of been up 100+ points on the day.
Jack,
Yes, internally it doesn't make good reading. But hasn't stopped it rising big, even with 'smart money' allegedly distributing into it from day 1 of the Sept/Oct rally.
What's your breaking point? Another 20 points up on the SPY? 30 points? At which point do you say, look 3C has not been good to follow.
Also, what about the jobs report Friday? If the report is good (better than expected numbers) the market will rally. If the numbers are bad, the market will rally because it is another step closer to guaranteeing QE2? And we are short going in to this scenario, why?
Jack,
Regarding the Euro/USD market 'disconnect'. The DOW has gone up 230+ points in 2 days while the euro has strengthen further. Just because both things don't happen exactly at the same time on the same day, doesn't mean there is a disconnect.
Maybe there was a different carry trade of choice being moved too? USD/JPY, AUD/JPY? Not sure, not looked at it closely enough. All i know is the market is doing the opposite to what 3C suggests it will do... and 3C is why we are here.
I'm short for number of reasons, I don't trust what we are doing to fix the problems around the globe. Ireland gets it's credit rating cut and the EURO rallies because they may have to bail out another country? Sounds like good sound reasons to me. Do you want to cut your loss and risk being out of the market at this point if we do see the big drop. The likely scenario is it happens or starts before the market opens.
Jack,
No, i've i don't trust all the smoke and mirrors and bull given by governments at all. Governments are the enemy, no doubt about that. But they are sooo corrupt, they will literally do anything.
I've been inherently short on the markets way before i joined WOW. I was hoping WOW would give me 'an edge' in seeing what was just around the corner, so i could trade accordingly. But, i have to say it's been more miss than hit so far. And like i said, anything less than 50% accuracy, and i'd be better off tossing a coin unfortunately!
And i'm not best pleased that 3C advised against buying more GOLD at $1244, and SILVER when it was just below $22. As both have exploded upside big since.
meant to say, SILVER just below $20.
I asked about that long ago and 3c was indicating back then it wouldn't be a good trade. Keep in mind that JPMorgan has a huge short position in silver, so it may still come back to us. This specifically another reason I see the dollar rallying for awhile. They need to mnake whole on this position and the government will help them out at some point. If you believe the gov't and wall street are one in the same then why wouldn't they allow the market to turn at some point if the big boys are making a position to go short.
I have been short and long, just caught this trade wrong as has most of the bears out there. This is not specific to this site, most of the bear side shorts have called this wrong repeatedly.
Jack,
The whole point is, if 3C can be so wrong so badly, so many times, can it be trusted?
I can lose money quite well on myself, i don't need the help of 3C to do that for me.
We are now well into October, and the markets have got stronger still. Brandt has said this 'top' is mature (to say the least). 3C has been calling for a reversal from day 1 of the Sept/Oct 'rally'.
To make money, it would have been wise to do the opposite of what 3C suggested, not followed it. So, how can we possibly have faith in it's calls at this 'top'?
I'll give you an answer when I get back from my son's falg football practice.
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