By Sell Puts
Again another interesting range we have today, trade down initially off the open, then Apple pulls the market into the green near lunch. NYC gets back to the desks and we have a nice late market sell off. I have been chirping about these levels all day.. the 1139.50 level was the support to test, here we are through the level on volume, after failing to break overnight highs of 1149.75.
Bank of America has been the dog of the day today, down nearly 2.5%.. The tug of war was between AAPL and BAC. BAC wone with the larger volume taking down the entire XLF as well as the greater market... PATIENCE ...
