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Market Recap & AAPL, GLD, USO
Published on 2012-02-21 17:57:00
Fairly quiet day in the market today, nonetheless, it's probably a disappointment for most bulls that we didn't blow through that 1370 level today as they had hoped for. For the bears, anything in the red, at this point, will do. Here's my market wrap up video, featuring Apple (AAPL), Oil (USO) and Gold (GLD). Read more...
XLF Not Particpating
Published on 2012-02-21 17:01:00
Today SPY and the other indices high new highs for the year and hit the highs from 2011. While this was occurring the "most important sector" to the entire universe just barely made a new high and closed down today. This is important because since 2007 what the financials do the market does later. XLF was not able to get a boost from... Read more...
Touching Tops
Published on 2012-02-21 15:22:00
The market appears to finally hit some resistance after rallying non-stop since the beginning of the year. SPY has now hit the highs from 2011 right before the U.S debt down grade. The market rallied today after the Greek bailout announcement only to meet strong resistance right at the 137.10 level. Touching the lows from... Read more...
