Topping sign - Jan 2013

The market movement is not very strange, or I should say it is not healthy. I am expecting a pull back to at least 1475 level, to re-test the break out. I will wait for a lower high to make trading decision.

(I will update this post later.)

No chart today. Software broken.
Win 8 sucks. It's the worst ever operating system in human history. MS is running into a wrong direction.
XP good, Vista bad, Win 7 good, Win 8 bad. In this pattern I should expect something from win 9. I need it next week.

Fortunately, I bot a computer with Win 8 pro. The only thing pro is better is.........
it comes with a free downgrade option. hurray me in win 7 again.

These are the 2 charts I monitor frequently. Both of them saying it could be a topping pattern. After a crazy January, we may need a break.

Here are some facts about VIX. The weighted VIX futures premium between the first and second months declined significantly.

The VIX put-call ratio, as well as the SPX equity only put-call ratio increased. (A wider spread is market bearish while a narrower spread is bullish since means the VIX put-call ratio relative to the SPX put-call ratio is lower.) However, the VIX futures volume and the open interest declined. The combination of a lower VIX premium and declining open interest suggests moderately less professional hedging enthusiasm although one would expect to see more hedging in anticipation of a correction as the index continues advancing.

This is my harmonic chart. To be honest with you, I am less confident on it now since it is changing from Gartley to Butterfly. In textbook, the pull back could be stronger, but I am not sure when it will fire out, nor if it would fire.

Me the derivative guy. I don't trade ETF. Occasionally I check the charts for confirmation.

This is the floating chart still in developing stage. It called for top already.

AAPL got dumped

Yeah, not new to me. As I mentioned, I believe Jobs took the company with him. This apple is not what I like and want to invest in. Do you want to know how much money lost today? Only 62.5 Billion USD. How much is 62.5b? SP500 index is for large cap companies. BUT, 459 out of the 500 have less than 62.5 billion market cap. Bespoke posted a very interesting article today. In its calculation Apple lost 235 billion in market cap in total for the past 4 months.

There are only three stocks in the S&P 500 that have a market cap greater than what Apple has lost over the last four months (XOM, GOOG, BRK/a).  Pretty astounding.

The big 3 are Exxon Mobil (XOM) which is the largest oil company in the world, Google (GOOG) the largest search engine and tech company in the world, and BRK/a of Warren Buffet the richest guy in the US. Good job AAPL.

BTW, today GOOG booked some decent gain. Now it's market cap is 238 billions, and is now the 3rd largest company in SP 500. 

IDK 2.0

Me back, after winter break / b-travel. I feel lucky because I don't know a thing. The year ends in a very interesting way. I have nothing to say and I didn't do anything. I believe next week will be important. The tone for rest of Jan and possibly the while year (refer to Jan Barometer Post) will be set next week. I will keep my holding for now and be nimble next week.