Monday, 9 June 2014

10am update - opening new highs

US equities open with fractional new historic highs. Hourly cycles are suggestive of moderate downside across today, and into early Tuesday. Metals are a touch higher, Gold +$2. Oil is looking quite strong, +1.1%. VIX is higher, but 4% of the 10s..if not much of a gain.



*new historic highs in the usual trio... Trans, Dow, SP.

Not much else to add.

Notable change...AAPL, in the $90s. Without question, trading volume will increase with the lower price, and options trading will similarly jump as contracts become much more 'reasonable'


I have my eyes on WFM as a possible short term LONG, I want at least the low 40s..if not the low 39s by early tomorrow.

WFM, 60min

Target upside would be $48/50.