Wednesday, January 25, 2012

Nasdaq strong on AAPL-earnings, market rises on FOMC-news

Big day today with the FOMC-meeting and AAPL-earnings yesterday after hours. Both were interpreted positive. Not so difficult, EPS and sales for AAPL were a huge hit! EPS was $13.87 vs. $10.07 expected, revenue $46.33 billion vs. $38.76 billion expected and iPhone & iPad sales increased over 100%!

During lunch, the FOMC-announcement came out. The Fed stated that rates hikes were unlikely before late 2014. They want to keep rates low to lift the economy. The news caused lots of buying, especially in gold and silver. But basically, everything profited, stocks went up, metals, oil, the euro...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Articles for tonight:
FOMC Says Inflation is Too Low
FOMC intent on being the BoJ
Follow the Money: How Systemic Bank Fraud Contributed to the Financial Crisis

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