Tuesday, October 18, 2011

After Hours

Here's the 5 min EUR/USD FX pair, note the knee jerk reaction through resistance on  the EFSF announcement and subsequent pullback-remember the correlation here is strong EUR=weak dollar=HFT algos buying-or just think of it this way, strong Euro-strong market.


A closer look at the pair reveals the  knee jerk through resistance and a pullback now at support. This chart should be watched over night along with ES indications.

As for AAPL-the impossible just happened, they missed! I'll bring you the AAPL charts soon as well as After hours trade in AAPL/ES.

It appears that AAPL raised guidance, most likely to offset the miss as everyone knows they ALWAYS shoot low on guidance so they can beat every quarter like clock work. AAPL is down 5.5% in AH. The Q's are down .60%, about double the market as AAPL is the most heavily weighted component in the NASDAQ 100.

Surreal.

No comments: