[quote author=“macglenn”]Back to today’s action, what little we have, NDX broke 1980 and caused little stir with APPL buyers.  Volume has really fallen off.

Yes, AAPL is extraordinarily weak on pathetic volume in the face of a great market advance, which to me speaks volumes: a total lack of enthusiasm for embracing any longer-term thesis before the Fed is done with its charade. AAPL got a nice run-up yesterday, but nobody wants to put any more money into it until the smoke clears. That, and the stock is now wildly distrusted after the last few weeks’ shenanigans. Still, two hours left to go ..it looks more like the stock is positioned for a collapse if the markets pull back into the close though, rather than a rally, doesn’t it.

Ok boys - lets move the broader economic discussion to a separate thread and keep this for intraday whining

I’m going to start a new topic in a sec.

Here you go: For armchair economists everywhere , a new topic to discuss recessions, depressions, or otherwise

UGH - indices continue their rise, AAPL remains a pig in a poke. What an unloved hog this stock is right now.

[quote author=“Tommo_UK”]Here you go: For armchair economists everywhere , a new topic to discuss recessions, depressions, or otherwise

UGH - indices continue their rise, AAPL remains a pig in a poke. What an unloved hog this stock is right now.

Can’t breakthrough 136 with indices flying. 

I could be wrong but this rapid index rise looks a little tenuous. Will be interesting to see if it can be sustained into the close. Poor old aapl though, getting no benefit at all. I wonde if it will suddenly gap up?

[quote author=“Play Ultimate”]
Can’t breakthrough 136 with indices flying. 

UGH - is right. Almost the inverse of yesterday. My longs are down and my shorts are up :o - Oh well 2 steps forward, one step back - the realities of trading I suppose. Thank goodness for Theta

I better get back to work and my more reliable source of income.

You have to read this right now.

I don’t know about you guys, but I’m inclined to think there’s a fair amount of accumulation happening here. The retail shorts keep pushing AAPL down, but buyers keep stepping up.

[quote author=“wheeles”]I don’t know about you guys, but I’m inclined to think there’s a fair amount of accumulation happening here. The retail shorts keep pushing AAPL down, but buyers keep stepping up.

I think that happened already - yesterday.. this is just day trading action going in, though a look at other technical indicators after today’s close/tomorrow morning might give some more insight.

Edit: shorties stepping in again.. support about to be tested at 135.30 - 135.50 once more. It amazes me how little confidence the market seems to have in this company now, but I can’t blame people for not stepping up to the plate at the moment considering the insane moves the stock’s made recently, and the general bovine nature of the broader marker.