Midday Missive

It’s all FANG and any other name deemed to not be interest rate sensitive.
The only reason we’re not seriously lower in the Equity Indices are these 4 names.

AAPL is holding it’s 200 DMA on the break today @ 121.91. You could see a few dollars of profit taking if we close below this level.

LNKD…held 245 the level it needs to hold for much higher targets.

FB..earnings are after the close.  I went into last earnings long a few calls which was a big mistake. Had I just stayed with the shares the worst I would’ve done was to break even.

​Yellen spoke, the Bonds & Gold broke and the Dollar took off.

Oil… is trading slightly lower on the week​ with absolutely no bounce.
46.30 +- a few now becomes a big pivot again.

The Indices are in need of a little love from the Oil patch.
If Oil can stabilize at this level we could see a late day recovery in the Indices.

Euro...at this point it would be a gift to sell a 40-50 retrace internet usage statistics

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