Investors take notice, underlying the positive sentiment and positive trading are four shockingly negative data points in the post-split trading so far of Apple (AAPL) stock. Apple is trading post split after the first split in nine years. Even though a split is meaningless from the view point of the financial data of a company, it generally leads to positive sentiment. Apple is no different. A MarketWatch poll shows that 50% of the readers are bullish on Apple and only 19% will not buy Apple here.
Our proprietary sentiment data at The Arora Report is in line with the MarketWatch survey. The chart shows that the price action so far today is mildly positive.
Please click here for annotated chart
Here is the data that is shocking in view of the positive sentiment and a positive price action as shown on the chart.
Block Trades
As of this writing, our computers compute ratio of the dollar value of block trades on up ticks to down ticks to be 0.89
A ratio of 1.00 is neutral, over 1.00 is bullish and below 1.00 is bearish.
Money Flow
As of this writing, our computers compute money flow to be minus $46.11 million.
A money flow of zero is neutral, a positive number is bullish and a negative number is bearish.
Tick Ratio
As of this writing, the ratio of the dollar value of trades on upticks to downticks is 0.95.
A ratio of 1.00 is neutral, over 1.00 is bullish and below 1.00 is bearish.
Smart Money Flow
This is a proprietary indicator of The Arora Report that algorithmically attempts to measure actions of the smart money in real time.
As of this writing, smart money has been a net seller of $147.43 million of Apple stock today.
Read more at MarketWatch for What to do now? Or take a FREE 30 day trial to ZYX Buy Change Report for the next AAPL buy or sell signal in the real time, please click here.
