It looks like GOOG missed on EPS, earnings are embargoes with news outlets so it may have been there was no leak in GOOG heading into earnings until an underling at a news outlet got ahold of the embargoed release. I've never seen distribution this quickly, through all 3 versions of 3C all the way up to the 15 minute chart.
This was yesterday's theory, but today was extremely difficult to verify it. It's well know that Wall Street trades the close, this was an aggressive move up that was negatively divergent everywhere you looked.
1 min
5 min
10 min this chart is interesting because until the last divergence, from the $574 low, GOOG was trading in line (confirmation)
15 min and this chart, the explosive price move at EOD didn't tick 3C up even at the very last zig after the end of the red arrow
1 min -after the 3pm negative divergence, GOOG again was in confirmation, that aggressive move up couldn't budge 3C even close to confirmation.
5 min The large red arrow shows the bigger divergence, but more interesting is the small red arrow that was totally negative into a pretty extreme price move. I suspect some last minute buyers, buying that price action really got left holding the bag.
10 min again, it didn't even budge so there was aggressive distribution into this late day move up.
15 min the small arrow on the 15 min chart ticked down on this move up in price
1 min
5 min
10 min again the 10 min didn't budge on such a heavy price move.
15 min and the more important 15 min ticked down.
This is one for me to keep in the scrap book, I've never seen such an aggressive price move so thoroughly and heavily distributed into with so much confirmation.
Now, to see what the plan is for BAC tomorrow. The market has had some reaction, not too bad, except the Q's which looked the worst in the last market update.
No comments:
Post a Comment