Comparing a daily $AAPL chart to a daily $COMP chart these days is the exact opposite of what it used to be. What it has been for the past 5 or more years. It's relatively weak. I keep saying it because it's crazy to me. Take a look at the $COMP daily first.
The even bigger question is what does this mean for the broader market?
Not much. Why? Because the market has a new leader and it's name is Google. Look below at the daily chart of $GOOG and you'll see what i mean.
That said, hunting elephants is the most exhilarating shit the world has to offer. But we try not to trade for the exhilaration, that's the easiest way to get killed in this market. at the same time right now right here the price action is saying "short me" and the trader in me can never really ignore that. But the price of the stock is really out of my league. I own 23 shares in an IRA since 2009 (full disclosure) and I wouldn't sell unless it breaks under $500. That puppy ever closes with a $400 handle and I'm out of there! Outside of that I fugg around and get a margin call on futures I want to hold.
So, if your giving it go leave a comment here or hit me up on twitter letting me know so I can follow your trade and live vicariously through you! Good luck traders, & happy hunting!