Stocks...
ASX 200…the Aussie stock market is firm above 5264.
EWA...sets up a little different than the futures. A close over 19.40 is needed to confirm higher
AAPL…closing over 120.25 will start another leg higher.
INTC…closing over 34.75 will lead to another leg up. The low risk buy zone is 33.80.
Bonds …
FX…
EUR/AUD…147.50 is the next targeted Fib support.
AUD/CHF…73.70 is monthly & qtrly momentum. This is the near term resistance and closing upside pivot.
Commodities…
Crude...Dec expires today.
General Comments or Valuable Insight.
Something is going on down under. The Aussie crosses and the Equity Futures point to inflows back into Australia.
The U.S. Indices have come a long way in a few sessions. Options expire today so it’s time to look at individual names that can lead.
The Index low came a week earlier than I anticipated. Index traders should be looking for low volume breaks midday to buy. I doubt the breaks will get very far.
AAPL…I like the 119 or 120 calls for Nov.27 or Dec 4 on weakness for a seasonal rally.
ASX 200 Futures.
INTC
AAPL
AUD/USD
AUD/CHF
