13 August 2013

SP 500 and NDX Futures Daily Charts - Complacency

Typical summer day trading in stocks with light volume and plenty of games.

Carl Icahn took a largish position in AAPL, and then boosted the price of the stock by announcing he had taken a big position in APPL. Carl would like to see AAPL spur the growth of their stock price by using more of their cash to buy back shares.