Monday, August 27, 2012

Not much happenin'

Apple was electric at the open but the sizzle wore off fairly quickly and the stock traded down for the rest of the session.  Still, it closed up nearly 2% so that's better than a poke in the eye with a sharp stick.

Volume for the SPY was barely 2/3 of the 10 day moving average and about half of the 50 day.  Probably not going to see much for the rest of the week either with many traders waiting on Ben.  Of course there is always Europe that alternates between saved and finished and China can move our markets if they move their reserve requirements.