The most actively traded Nasdaq stock, INTC, has replaced AAPL as "The Market" today. INTC shot straight up and stayed outside of hourly upper BB all day - same with the daily stick. It had gained as much as 2.54% on nearly 60 million shares so far. INTC volume 30-day EMA is 45 million shares.
In any case, INTC, "The Market", is obviously way overbought, and a mean reversion to work off the excess seems imminent.
If the NYA goes down today, Jeremy Lin and the NY Knicks may come up short against the lowly Hornets tonight to end their 7-game winning streak.
Edited by TechMan, 17 February 2012 - 02:58 PM.