From Barron's "Dow Wobbles, Apple Stock Soars, Volatility Cools—and What Else Is Happening in the Stock Market Today" posted early Friday:
Stocks wobbled Friday as a volatile week neared its end, but inflation data and other economic indicators, as well as corporate earnings, remained before the weekend...
It has been a volatile week in the stock market. Investors have seen wild intraday swings as traders stare down tightening monetary policy and rising interest rates from the Federal Reserve—all to the backdrop of corporate earnings season.
“What a week we’ve had,” said Jim Reid, a strategist at Deutsche Bank. “Another market whipsaw as markets continued to try to digest the aftermath of Chair Powell’s press conference.”
Charts: Yahoo!Finance sees a bullish fast stochastic pattern. Max pain stays at $165 with a call mountain at $170. Wondering about those 45,000 weekly puts expiring today at a $150 strike price? See here.
Apple defied expectations, closing back above $170 on a high volume day (175 M shares).
Too bad for folks who sold at anything less…
Volume will be high today, since it’s already over 121 M at 11:20 AM PDT.