Apple knocked the cover off the ball with its earnings report and the stock is responding positively after the close. There's no denying that Apple makes great products but sometimes it feels there's just a few companies doing great things.
Volume Tuesday was pathetically light. This is an ongoing issue as cash continues to pile up under mattresses. People have been burned and trusting markets is at a low. Nevertheless the animal spirits remain with us as do short memories.
Tomorrow it's the Bernank's turn to push markets higher if he can and since this has been his goal.
Let's see what happens.Disclaimer: The ETF Digest maintains active ETF trading portfolio and a wide selection of ETFs away from portfolios in an independent listing. Current positions if any are embedded within charts. Active Portfolios: No Positions. Our Lazy & Hedged Lazy Portfolios maintain the follow positions: QQQ, XLK, XLY, VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, & EWU. The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.
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