A.M. Look 2/1/16

GOOGL,AFL ,MAT are three of the more interesting names for earnings today.
It would take a rare GOOGL miss for a puke after the close in the Indices.
The U.S. Indices have done little more than given back the last 30 minutes of MOC buying from Friday. Be patient to see how New York responds.
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Gold...if this wiggles back 5-6 dollars closer to unchanged on the week it’s a low risk long. Short swing .618 Fib resistance from the Oct. 2015 high matches the 200 DMA @ 1134.
Today’s cloud support is 118.20. As long as Gold keeps closing over this level it remains on a firm footing.Inline image 1
Long Gold/Short Swiss

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Long Gold/Short Yen

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Long Gold/Short Yuan

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General Comments or Valuable Insight.
The Gold spreads were the only note of interest last night.
Both the Equity Indices and Oil have backed off from resistance levels.http://www.bloomberg.com/markets/economic-calendar

There is a spat of Economic reports throughout the week.

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