Monkey Throw Dart: Apple: A PSQ's Best Friend

Friday, January 18, 2013

Apple: A PSQ's Best Friend


The table at the bottom shows just how heavily weighted the QQQ's are with AAPL.  Since the PSQ is the inverse of the QQQ, this is good news because as AAPL goes down it drags the QQQ's down a bit in a market that seems to magically recover almost every day since the market gapped up at the beginning of the year when fiscal cliff fever took hold. 




Speaking of cliffs, Apple (AAPL) is doing a fine impression of the White Cliffs of Dover.  Keep it up.  That lonely blue PSQ line needs to come up for some air.