It looks like the stops from yesterday's lows were run, but I'm not so sure this negative tone is going to keep up before the bounce, even if it smells like a dead cat, comes knocking (which I have a story to share with you coming up).
Wednesday, October 10, 2012
Early Stop Run-AAPL > Friday's Close
After a 1% down day in the SPX, the early orders that are placed on limit/etc by retail that has a real job are bound to be sell/short orders, that's why early trade until about 10:00-10:30 has a lot of noise and manipulation.
It looks like the stops from yesterday's lows were run, but I'm not so sure this negative tone is going to keep up before the bounce, even if it smells like a dead cat, comes knocking (which I have a story to share with you coming up).
AAPL's 10 min chart is in good position now for the volatility shakeout and AAPL is above Friday's close.
QQQ stop runs this morning on a nice positive opening divergence
SPY also taken just below yesterday's close (first support) with a positive opening.
It looks like the stops from yesterday's lows were run, but I'm not so sure this negative tone is going to keep up before the bounce, even if it smells like a dead cat, comes knocking (which I have a story to share with you coming up).
No comments:
Post a Comment