T3Live Blog

Harsh Apple (AAPL) Reversal Weighs on Market, S&P Closes Below 10-Day Moving Average

Published on 2012-02-15 15:36:38

The market opened higher Wednesday, but was unable to hold onto those overnight gains. The Dow fell the hardest, losing 0.76%.  Fed minutes became the excuse for profit taking, as they revealed little support for QE3 in the last FOMC meeting. Improving US economic data and a strong market have rendered another bond buying program unnecessary for the time being. After a strong run, though,... View the full post at http://blog.t3live.com

VIX Surging Despite Market Holding Positive

Published on 2012-02-15 09:56:21

Indices opened up above the recent highs and dribbled below them in the first hour. In the S&P, 1354 has been the pivot high. Today we opened up above it and now sit around 1350. It's still been hard to add to winning trades for momentum, making it hard for traders. You get some action here and there but it’s much more selective than what we saw in January. There is a divergence... View the full post at http://blog.t3live.com

Market Cheers China Plans to Support Euro Bailout Fund

Published on 2012-02-15 07:10:01

US stock futures were up more than a half percent Wednesday morning, building off of yesterday's late afternoon reversal. Triggering the move are comments from the People's Bank of China Gov. Zhou Xiaochuan that the his country will be looking to build its investments in Europe to help out with the mounting sovereign debt crisis. His comments echoed statements by Chinese Premier Wen Jiabao that... View the full post at http://blog.t3live.com