It’s the last day of the Month:

The overnight low in the Spu was app the 200 day mvg avg. ( 1282 ish), NASD shows value at 2295-2310 first time down…I would still like to see AAPL print 378-80 to match up any potential bounce in this index.

Fib support comes in around 141.90-142.10 EURO, The Aussie point & figure showed just under 109 for the first retrace level from yesterday.

This will be another technical day of trading based off the D.C. rumor mill. Pay close attention to your “time frames” vis a vis capital flows..Like yesterday, direction can run out of steam at the usual times. It’s going to be a hot day in the U.S. Many traders will be leaving for an early weekend, as well as our many European friends who typically close their books for the month of August. Trading will be very thin after 12 EST.

Model Trading Portfolio…Current Holdings

No positions

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