Here are a few interesting charts of SKF – the 2X Ultrashort Financials trading instrument. I utilized SKF because it has data going back to early 2007. What is particularly interesting to me is the momentum compression signature from the 2007 tape that appears to be replicating, albeit along a longer timeframe.
Friday February 9th, 2012
I have never given much weight to Apple as a proxy for the broader indices. It’s recent history has a very poor track record.