Summing up today's equity action - risk assets just weren't buying the hype at all... and as stocks started to drift into the final hour, so AAPL came to the rescue once again...
MORE,,,,,,,,,,,,,,,,
AAPL seems entirely Algo-driven now - just look at the ramps, supports, and resistance levels (click chart for large version) - all VWAP-related levels... After spending all day between today's VWAP and Monday's closing VWAP (red oval) - we ramped into the close to enable some large orders out near September's closing VWAP (cyan line)...
But Oil was the real story of the day...now down 9.6% from pre-QEternity...
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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