UUP, weekly
Summary
Weakness in the USD is notably helping the precious metals - Gold +$10, with Oil +0.8%
*there was a spurious story of the Iranians seizing a US ship.. but that seems to be completely false. Oil has cooled a little from a brief spike high in the upper $57s. The big $60 threshold remains due... with the API/EIA reports due late today/early tomorrow.
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notable weakness, AAPL.
A rather stark bearish engulfing candle on the daily chart. It will be difficult to see that flip to a bullish one.. by the close of today.
Maybe AAPL should have posted a net loss like AMZN, or just a 50% miss like NFLX? This remains a TWISTED and sick market where things can be deeply mis-priced.. both to the up.. and downside.
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stay tuned!
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11.27am... Rather significant spike-floor candles on the two market leaders.. Trans/R2K.. both are suggestive this wave from sp'2125 to 2094 was just another minor washout.
A net daily gain now looks probable. If AAPL can turn positive.. that'll really solidfy the turn.