SPDR S&P 500 Message Board
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.....anybody notice a "DISCONNECT" from Tech stocks & the DOW ???
They are selling High- Beta & buying up the Industrials
Will that last through TAX selling month of December ?
Apple to $480's shortly ??
ALLISON-
no interest in betting against AAPL..... But do like the financial longs..... AAPL has so much cash, no debt, low PE..... they could announce a large buy back, a special dividend, basically anything they want and crush every media thumpin bear out there, any day they want.
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seems the big money is chasing the financials.... Look at C.... 4 straight days up, some gaps up and the close higher than the opening gap...... Some horsepower there......
- 1 Reply to liveup40
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With the Fed's monthly QE3 injection of 40 b or so, utility and financial stocks are being pumped up by bank's trading departments, IMO. However, broader indicators such as breadth and volume have been poor lately on up days, meaning lack of enthusiasm to participate in the rally. Is the worry of "fiscal cliff" the main culprit to blame ? I think it looks more than just that. Another round of bad news from European sickening economy and its debt problems seem looming.
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It would seem so. A roll back into DOW stocks, as forever-downer, CAT. Roll back into the same "darlings", MON, NOC, CVX. Utility stocks, D (Dominion). Some interest back into the AGs, as MOS, POT.
Big roll back into utility stocks as XLU. Even MCD is finally coming back up.- 1 Reply to plashadpobedy
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I was following the NQ this last week, not only was it "Apple" effected, it was not firing off clear entries. The SP was way easier.
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