Tuesday, 21 July 2015

Closing Brief

US equities closed moderately mixed, sp -9pts @ 2119. The two leaders - Trans/R2K, settled +0.7% and -0.4% respectively. Near term outlook is for continued downside, at least to around 2105/00.. but there remains a chance of filling the secondary gap at 2080.




Well... for yours truly.. it has been one truly bizarre (in a good way) day...  but more on that later

As for equities, there sure are some interesting movers out there... not least in tech land, with IBM in trouble... and INTC an all out tech wreck.

*I will post a combined VIX/Daily index cycle update around 6pm EST

yours... still watching the waves come in


4.38pm.. AAPL getting trash post earnings, -6% @ $121.... as future guidance/estimates are upsetting the market.

The earlier bearish engulfing candle was indeed an early warning.

So.. IBM whacked... now AAPL, who is next?