I would exercise caution here APPL will pull back short term as the stock is starting to get exhausted. Congrats to all who was in the trade last week.
Powell spoke (8/27/20) and I became an absolute Optimist.
Are we all drowning in liquidity?
BIG ? Is there a possibility for "BIG Apple" to keep afloat amidst such solvency.
Time will tell
...they do have a waterproof phone
- Tulip Trader
tradingpro
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What if all investor decided to offload some shares since everyone will have 4 times the amount ??
astunts
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@tradingpro, Absolutely possible, but I wouldn't be short APPL in this environment. The pain trade in my opinion is to the upside. I do however see a sell off going into maybe mid week or by end of week due portfolio mangers just decreasing there position. But it also depends how the weighting of the portfolio is, is it cap weighted or priced weighted? We'll find out next week.
tradingpro
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@astunts, Agree, Next week will be pretty interesting due to SPX touching a long term resistance level......