Posted by Blain 16 May 2012

Market Recap - Apple Falls under $550, Natural Gas Shines

Another heavy volume distribution day, this time thanks to the Fed minutes. From IBD, "The Fed minutes indicated little change in policymakers' assessments of the U.S. economic outlook, but also contained cautionary language about the so-called 'fiscal cliff' facing the U.S. at year's end."

StockCharts.com today noted that defensive sectors are holding up best. Also, Bespoke shared a great overview of all commodities, citing how every one is oversold but natural gas, which is featured here tonight.

Stay frosty out there and I will see you back here tomorrow!

RSS Feed Subscribe to get Free Updates.

Comments

  1. Posted by Read on May 16, 2012 at 8:04 pm

    It's interesting that the otherwise excellent Stockcharts.com site article claiming 'all' sectors were down utterly ignored the red-hot bond sector. Oh well..it isn't Bondcharts.com... keep up the great work here...

  2. Posted by C$INR on May 16, 2012 at 8:05 pm

    Sell AAPL, buy FB? Maybe.
    Natty looking for hot summer? UNG good?

  3. Posted by manish on May 16, 2012 at 8:50 pm

    ...facebook(fb) current market value equal to 25 times annual sales, if Apple (AAPL) were valued the same it would be worth $3 trillion, instead of its $510 billion valuation so bfore you buy FB think twice.

  4. Posted by Blain on May 16, 2012 at 9:08 pm

    FB is going to be a fun one to watch on Friday. Already have it pre-loaded in tos.