Stocks...
AAPL…Reports after the close today, this will be a key market driver.
HSBC & Deutsche Bank will be moving this A.M. DB off better than expected earnings and HSBC possible restructuring to move headquarters out of the U.K.
DAX…11,730 is mvg avg support. Upside momentum is regained with sustained price action back over 12,000.
Bonds …
Bunds…159.00 is the qtrly pivot. A close under the 50 DMA @ 158.84 is needed to confirm lower. 159.85 is resistance,yesterday’s breakdown level.
FX…
EURO…109 is mvg avg resistance. 107.40 is support. Be aware of the range.
Commodities…
OIL...near support is 56.60.
55.25 is a bear trap the first time down.General Comments or Valuable Insight
55.25 is a bear trap the first time down.General Comments or Valuable Insight
It’s all about AAPL after the close today.
Japan has been going sideways relieving an overbought condition.
Europe has been holding the breaks.
I look for everything to be firm into Thursday’s close (Month End)
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Current Positions…. Entry Stop TGT
LONG TAN 48.95 48.35 Close
LONG QLD 150.40 147.50 Close
LONG AAPL 149.50
LONG UVXY 10.02
LONG UVXY 10.02
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