Market Tone…AAPL

The other shoe is dropping.They hit the ATM in the metals complex, now comes the High flying tech stocks.

This is where every investor and hedge Fund manager has sought solace during these uncertain times.

As you recall, Friday I was looking for a test of 1151-54 in the Spu. You got it…While the bigger game is going to be Friday ( Month & QTR End) going into Monday, It looks as though everyone will be happy just to be in cash.

This is still a trading market…You buy the hard breaks and “sell the rallies until proven wrong”

Gold..Closing under 1608 on Friday would likely signal the end of this trade for quite a while. The corresponding Silver # is 26.20.

This means more long liquidation of Dollar denominated assets.

 

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