CNBC: July 20, 2015
The Nasdaq 100 is 3 standard deviations above its 50 day moving average.
9 times in 35 years equals .1% of trading days
"Four out of 100 stocks account for 31% of market cap (Apple, Google, Facebook, Amazon)"
Nasdaq 100 % of stocks above 200 day moving average (red)
The Nasdaq (black) at new all time high
With Nasdaq New Highs (red) (4 week moving average), going back to Y2K:
No worries, this .1% probability melt-up is just dependent upon Facebook, Amazon, iWatch and Google which is up 30% in 2 weeks on news that the $70 million/year CFO is going to "cut costs" aka. jobs, because we all know how much talent that takes.
"All shorts covered into the all time high on the good news that Greece had borrowed enough money to pay off its loan. The Nasdaq 3 std deviation all time high had the shelf-life of a Chinese internet stock, which is the half-life of a rotten banana"
