Nasdaq Closes Green For Two Weeks In A Row: AAPL Grows By $100 Billion In February

The “Institutions” comments to Greece’s first draft reforms plan… which appeared to stumble stocks today…

The NASDAQ win streak accelerates to 9 days (2 calendar weeks in a row)… (but The Dow and S&P closed red)

AAPL’s Relative Strength Indicator (RSI) just topped 85 – a level that in the past has marked a trend change…

But overall, stocks are holding their “Greece is fixed” gains… with the most totally fucking idiotic meltup at the close…

Nigeria’s hopeful comment on an Emergency OPEC meeting spiked oil, which in turn ramped a decent short squeeze in stocks – which took a while to revert when OPEC denied any such talk…

Treasuries rallied from the middle of the Europe session as uncertainty over Greece came back to mind…

EUR weakness provided the impetus for USD strength today but Swissy was once again the biggest loser…

Hhmm…

Oil was the only major loser in commodity land – despite the USD strength – with copper and gold unch and silver leading (having spiked notably early on as Crude dumped)…

Close up on the OPEC pump and dump…

Crude appears to be rolling over again…

And we note that the Front-to-2nd month contango has reached 4 year highs…

Charts: Bloomberg

Bonus Chart: The only chart you need… up 15 of the last 18 days… it’s AAPL bitches!

Bonus Bo

Bonus Bonus Chart: Just thinking out loud… weakness into earnings… big new product launch expectations looming… near vertical rally with everyone in the world bullish?

Bonus Bonus Bonus Chart: VIX Term Structure is the steepest since just before the pre-Bullard collapse in October…

 

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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