ISM Number Triggers Big Move in Market
May 01, 2012 at 11:14 AM EDT
The 10:00am better than expected ISM reading triggered another short squeeze, as shorts have been on the ropes since last Thursday. Market participants had some choices to make as SPY crossed above $139.30-$139.40 on April 26th. Since then, they’ve digested nicely above it. Apple (AAPL) finally gave us our 80-20 trade as it traded below [...]
