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@John Chisum: Apple (AAPL) Now Twice As Big As The 2nd Largest Company In The World!
FYI: Apple (AAPL) has been straight up since the start of the year, gaining $22 (or 19%) to push it above the $130 level. Below is Apple's trading range chart, with the red area representing between one and two standard deviations above the stock's 50-day moving average. As shown, AAPL is currently trading well into extreme overbought territory at more than two standard deviations above its 50-day. It's currently at the very top of its uptrend channel, so we would expect some sort of "cool-off" period to begin soon. Regards, Ted http://www.bespokeinvest.com/thinkbig/2015/2/23/apple-aapl-now-twice-as-big-as-the-2nd-largest-company-in-th.html?printerFriendly=true
From Highland's Global Allocation fund's Q4 commentary:
"The equity tape is split and there has been (6) S&P Hindenburg Omens and (6) NASDAQ Hindenburgs since Thanksgiving. The Hindenburg Omen is a technical measure that the team has found interesting recently and signifies the existence of an unusually large number of simultaneous new highs/lows in the market. When this occurs there is no consensus on market direction and a higher dispersion of returns between securities. If this persists it will result in a lower correlation between stocks and represents an environment in which good active management should outperform."
"Of the 14 major market tops, between 1929 and 2000, inclusive, when the Dow Jones Industrial Average reached its absolute peak, the average percentage of stocks also making new highs on that day was 5.98%."
Hindenburg Omen – Imminent Warning or Just Hot Air? -note article is over a year old, but the point it makes it timeless
Comments
"The equity tape is split and there has been (6) S&P Hindenburg Omens and (6) NASDAQ Hindenburgs since Thanksgiving. The Hindenburg Omen is a technical measure that the team has found interesting recently and signifies the existence of an unusually large number of simultaneous new highs/lows in the market. When this occurs there is no consensus on market direction and a higher dispersion of returns between securities. If this persists it will result in a lower correlation between stocks and represents an environment in which good active management should outperform."
Here's to your point @fundalarm:
"Of the 14 major market tops, between 1929 and 2000, inclusive, when the Dow Jones Industrial Average reached its absolute peak, the average percentage of stocks also making new highs on that day was 5.98%."
Hindenburg Omen – Imminent Warning or Just Hot Air?
-note article is over a year old, but the point it makes it timeless
financialsense.com/contributors/chris-puplava/hindenburg-omen-imminent-warning-hot-air