After a 25% VIX spike and some panicky overnight action regarding Europe debt and China slow down, the market trended up all day after a bad open. Key stocks like GE, GOOG, JPM hinted at the early strength. We have AAPL earnings tomorrow and aggressive buyers took advantage of the morning dip. Rumor has it that IPAD sells will make up for the slump in IPHONE sells this quarter and aggressive buyers are doing well before earnings. The short term trend had turned down but the intermediate trend refuse to roll over today. Along with a potential reversal in TLT, we have to keep an eye out for the constant trend changes. We also have China PMI and Germany Service PMI tonight, so the bears may give it another crack overnight.
