Tuesday, June 8, 2010

Ba-Boom

Wow. Huge buy in AAPL at 2:17 pm Eastern (316k shares in one minute) lifted shares off a 246.42 low, now 247.68. Simultaneously, there was huge selling in VXX (269k shares in one minute) that pulled shares down from 32.50 to 32.30 in a few seconds. Micro flash crash in VXX (rim shot).

VXX trading in a 32.15-32.50 range the past hour, but now dipping toward 32.00. Nasdaq has lagged DJ and S&P, but could catch up here. Maybe. I trust nothing.

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