Our readers should follow the 10 year note as a barometer of large institutional appetite for risk reward. Notice how the yield fell (bonds were bought) after 1 pm ET? That should have alerted us to the poor earnings from AXP and below average guidance from AAPL; shame on us. Were you following the "smart money"?If you would like to receive this and future posts and market analysis, please send an e-mail to Psychologyofthecall@gmail.com and make sure that your e-mail client will not consider messages from that address as spam.
2 comments:
Once again, excellent reading on the AAPL action today -its back up above 162 now.
Incredible work on AAPL!! I bought Aug 155 calls at the open for $400 and sold half of them a few seconds before the close for $1,160. Great work, and thanks!!
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