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AAPL Rampapalooza Saves The Day,,,,,,The poster child of illusion,,,,,,,,,,,,,,,

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 03 Oct 12 6:35 AM | 45 view(s)
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Submitted by Tyler Durden on 10/02/2012 - 16:25 Equity Markets

undefinedVolumes picked up for most of the day as US equity markets jerked lower - back to pre-QEternity levels - and AAPL slide ever so gently all day to touch its 50DMA. With about an hour to go, it was clear something had to be done and AAPL levitated on small-lots (as opposed to the bigger lots on the selling) as it pushed back up to VWAP automagically - and dragged the S&P futures back above its VWAP and into the green. Highest AAPL volume in almost a month but trade-size was average as S&P futures levitated 8 points in a straight line and VIX was banged back from 16.5% to 15.7% (down 0.6vols on the day). Stocks were in a world of their own in this liftathon - as Treasuries wiggled along at the low yields of the day and the USD rose all afternoon (from Europe's close). Oil tumbled under $92 and commodities in general slid slightly lower (though intraday vol was high). Staples and HealthCare remain the only post-QEternity sectors in the green. Finally, today's S&P futures action looked more like a EKG than equity trading and with volume leaking badly, things feel a little W&R-like.

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As AAPL's small-lot (yellow-bars in chart h/t @eminiwatch) algo-liftathon to VWAP (red line) dragged the world of stocks up...

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MORE CHARTS,,,,,,,,,,,,,,,,,
http://www.zerohedge.com/news/2012-10-02/aapl-rampapalooza-saves-day




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