Enclosed are a few charts we think will prove to be important the rest of the week.

IYT…Transports are near channel resistance matching the 50 day in the Spu’s
Spu’s…still need to get over 1434 to run.

Oil…the charts in the WTI & Brent are weekly…We’re interested to see if we hold a re-test of 87.50 in the WTI.

XOM…has the same pattern as the Oil. All are looking like they want to put in ORH weeks,however it’s way
too early in the week for that assessment. We need to see how and where the next break holds.

AAPL…the monthly macro sell stops are 570. Closing back over 592 ( the 200 day) would have us looking for a rally to close to 640. We have no desire to be short AAPL going into the holiday season. We are patiently waiting to buy it.