Midday Missive

AAPL is holding for now. Closing lower today would be very negative the overall market.

JPM.. held the top of the cloud and can rally 1-2 dollars before hitting resistance
88.43 is the 50 DMA. It would take a close over that to entice the longs.

EUR/GOLD ..is running into its 200 DMA resistance.

I intemperate that to be somewhat bullish equities that are into short-term oversold condition.

The Gold Side of the spread should stall.

TLT...121.32 is the gap and resistance.

Indices are garbage to trade and the price action is worse.

The last time I saw one of these Tuesday highs in the Indices it was the start of a very large correction.

The last one I remember was 400 Spu points. I made 80 points and thought I was a genius.

I’m not looking for something that big, however I’m not buying the first break with every other Mortimer on the street.

Spu’s can rally into the 60’s and then I’m a seller.

Spu’s can break to the gap @ 2318 and I’m a buyer looking for a bounce.

Here you can pull out your lucky coin and flip it!

You’re best chance is to find a name with technical s you like.

The banks and the Regional banking ETF’s is the place to look today, since this
has the best setup for a short term Bond high.
Time to do the just “Walk Away Renee” and wait until later
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