The last few days, credit markets popped higher at the open and have then sold off considerably – diverging negatively from European/US stocks into the close. ES is trading at the highs of the session up 10.25 pts or at 1377. Crude Oil is near its daily highs (107.21) as algorithms await FOMC announcements.
On the other hand, Apple is up 10.35 pts or (1.9%) at $562.58 or a NEW ALL TIME HIGH!! Apple has had a 52wk low of $310.50.
- iPad 3 concerns are overblown.
- iPhone5 launch in Q3.
- apple tv as growth catalyst.
INVESTORS AWAIT FOMC MINUTES AT NOON! LISTEN CLOSELY FOR THE WORD, INFLATION,INFLATION,INFLATION.…