It's not just the low P/E stocks. But rather the ones below the 200 sma. Looking back at UA, it was under that moving average then popped over it. So, AAPL looks good to go.
TMUS was up on earnings this morning now down. I don't see any bad news reports but somebody found something out of line
Think it will pop. If it drops it would be like SBUX, falling below moving average supports. And those two doing that would not instill confidence in this market. On another note I am seeing blowback against a possible/likely new feature in the iPhone 7 (the one in October): quite a vocal crowd is against removing the headphone jack on the phone, which Apple is believed to be heading toward (to make the phone slimmer, to make it waterproof...and also remember Apple bought Beats so they don't care about sound quality or they would have partnered with Sennheiser or something). Seems to me like nothing is outrunning the 200 sma right now.
Yet another large call buying in $OMF, this time 33 strike. Someone is constantly betting this is going to recover from the lows. This is probably the 3rd of 4th signal we've gotten to buy this stock. https://www.techtrader.ai/wall/?date=1461657232&post=9326 OMF 5/20/2016 33x Calls, 2100@$1.5 MV: $0.3M | $Not.: $2.9M | OI: 134 | 17.7% TotalOI 30.0% StockVolume | 55.1% OptionVolume
