Stocks...
GOOGL…584.50 mvg avg support needs to hold to avoid lower.
Spu’s…1960-2 still needs to hold to avoid lower test of 1952.
Nasd 100…3890 is Point & Figure support.
Bonds
30 yr. Bonds…holding above 137.15 keeps these firm today.
FX…
Commodities…
Oil…101.40-60 is daily and weekly closing resistance. 103.25 is next resistance.
Gold…squeezing back above 1308-09 resistance should lead to a test of 1319.
General Comments or Valuable Insight
After Druckenmiller spoke at the Delivering Alpha conference yesterday I thought we would see the sell off we got late day to start late morning.
Had I just let my stop work in the Vix I’d be all smiles this A.M.
The whole day was a Leon Cooperman Omega Fund rally. His fund must’ve been up 6-7% yesterday alone just on announcing his picks.
Everybody owns them now, HCA,NOV,SVU,TMO.
While the street chased his names, the Bots were front running the buy orders driving prices even higher and AAPL got sold.
The Apple ORL pattern is concerning.
Weekly sell stops are @ 93.52.
We’ll leave our stop at break-even in AAPL.
Earnings come out on the 22nd, so we’ll have time to get back in.
GOOGL earnings come out today after the close.
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Current Positions….
Long AAPL 94.15 94.15 Stp 99/110
Long GLD 125 124 Stp Close
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Today’s Working Orders
SELL AAPL @ 94.15 Stop “GTC” SELL
GLD @ 124 Stop Close “GTC”
Cancel this order...
Sell 30% of your Long AAPL shares @ 99.20 GTC
