Wednesday, February 23, 2011

AAPL -The Place to look when you want to move markets

Today AAPL quite simply is outperforming the market. Why? Not because of that video of Steve Jobs getting into a car-that didn't help. How about this, AAPL's nearly 20% weighting on the NASDAQ 100 (QQQQ). That's right, AAPL alone is worth the same as 50 other NASDAQ 100 stocks combined and has the heaviest weighting on the index by a WIDE margin. So you want the Q's to move, you don't need to buy 100 stocks, you can buy 1 and that's AAPL.

Lets look at the evidence-keep in mind how I've been saying the Q's or NASDAQ 100 are likely to lead any bounce.

 AAPL falls on the Jobs video and with the market yesterday.

Yesterday at 1 pm 3C starts picking up accumulation in the market, look when accumulation started in AAPL yesterday afternoon. Coincidence? I doubt it. So you want a little advance notice of where the market is going-just follow AAPL.

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