etfmsolutions: The Always Entertaining Apple...07.27.16

Wednesday, July 27, 2016

The Always Entertaining Apple...07.27.16

Apple opened at 104.35 today...exactly at the 8% pop factor I've mentioned previously. It was actually at 104.60 in the pre-market but subsided a bit at the open. LQB has calculated that over the past 8 earnings sessions Apple had moved 8% +/- on the day of the announcement and then adjusted that delta to 4% within 2 days so be wary of longer term holding of these pop/drops. As expected Apple traded 92 million shares today while SPY traded 82 million and most of the SPY volume kicked in after the FED's non-decision mid morning.
Note the closing 2 minute bar on Apple...a quick .50 drop of 1.7 million shares to the low of the day.
Attached is the M1 spin on Apple with the mean reversion filter.

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