Stocks...
AAPL…needs sustained price action and a close over 112.50 for an upside breakout.
GILD…sustained price action and a close over 104.00 is needed for more upside.
TWTR… remains positive as long as there is no close below 29.80
XLV…70.30 is resistance and the upside closing pivot.
NFLX…put in an ORH day. This needs to maintain above 100 to hold pattern integrity and work higher.
Bonds …
Bunds..are weak under 156.45.
FX…
Commodities…
OIL..November contract expires
Gold...1177.80 is the 200 DMA. It didn’t get low enough last night.
Those of you that tried the short side should keep a break even stop.Daily support starts @ 1164 into 1161.
General Comments or Valuable Insight
The equity Indices are in grind mode.
Those of you who have positions in individual names should use trailing stops to protect your holdings.
The market is trading like a Bull, it breaks all day and rallies late.
Bulls should be looking for a break to nowhere Wednesday into Thursday followed by a strong Friday.
Bears…Just the opposite.
Note…I will be out of office the rest of today and tomorrow.
There will be no research Wednesday A.M.
………………………………………………………………………………
Current Positions…. Entry Stop TGT
Current Positions…. Entry Stop TGT
Long UNH 120.40 119.20
Short Gold 1177.00 ( use a break-even stp) 1161/1147-50
……………………………………………………………………………….Working Orders…
……………………………………………………………………………….Working Orders…
BUY 1/2 your Gold shorts into the first support level of 1162 and the rest @ 1147-50.
Use a break-even stop on the Gold.