Daily Reading on the Financial Markets: 2/16/12
Tony Pallotta at Macrostory with his take on yesterday’s very interesting action, including very uninspiring action from AAPL and continued underperformance from the Dow Transports.
Technical analyst Chris Kimble notes that both the Wilshire 5000 and the Shanghai index are facing key resistance.
Zero Hedge notes that volume finally appeared… on a nasty reversal to the downside.
At Minyanville, Michael A. Gayed suggests that the Bank of Japan’s “inflation targeting” may finally bring outperformance to the Nikkei.