Wednesday, January 23, 2013

AH...

I have the charts to cover GOOG, I need to talk with my wife in Hungary on Skype for 30 minutes or so and then I'll get those charts and others up.

As for AH...

We'll leave AAPL alone for the moment, there's quite a bit of volatility in after hours there, but it looks to be settling in below $500 so good thing we closed those calls. As far as the QQQ negative divergences go today, this from the afternoon NASDAQ / QQQ update,

"The strength in the Q's yesterday sent them higher and it seems that strength is being eaten in to in what would be typical distribution...I'm worried about this market, actually it's fine with me , I'm just saying there are a lot of things not looking good."

So what we know pretty conclusively is that the 3C divergences are right on and they can't be right on without some level of market manipulation, whether cycles, 1 day rotation, leaked earnings, etc. We wouldn't be able to see these things so clearly if there wasn't a strong flow of money creating these signals. Yesterday the signals were QQQ and AAPL up, but only until earnings then we have to take a look and before the close we did that in the post linked above and it wasn't good for the Q's.

The NASDAQ Futures were slapped pretty hard with a -30 point fall .


However the Q's did do the one thing they haven't done in over 2 trading weeks, something the other averages did a week or so ago...
They finally crossed the resistance zone and tonight we find the Q's right back below (the light blue bars near price are the current bid and ask).

NFLX had a nice beat, but more importantly they guided higher, that's what really matters and the +32% the stock is trading up in AH, we'll see how much of that holds tomorrow, that should be REALLY interesting.

ES is also starting to take a bit of a hit to join the NASDAQ futures...



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