The largest valued stock in the S&P 500, Apple - Worth nearly $2.3T this week just traded in a 9% range, with an 8% candle, file under NOT healthy price action.
thebeartrapsreport.com/blog/2020/09/0…
S&P 500: It had been 29 days since we had a -1% close, until today (-3.7% now). Which is nothing when you compare Oct 8th, 2019 till Jan 24th, it was 74 days without a 1% negative close.
Nasdaq his the 100-day moving average, a first since April, 10% off sale... #QQQ
(2)
“The public is trapped long and institutions are trapped long and the snowball that was pushed very quickly up the hill and got big is now at risk of becoming an avalanche.”
Julian Emanuel, chief equity and derivatives strategist at BTIG, Bloomberg
Retail investors, have shelled out $40B in call premiums in a month, data from the Options Clearing Corp. compiled by Sundial Capital’s Jason Goepfert show. The total dwarfs SoftBank’s reported outlay.
via @jasongoepfert @business
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.