sp'daily5
Summary
So, we're set to open a little lower, but broadly, the market should hold together until Wednesday afternoon.
Clearly, a retrace is due... and the FOMC... or if not, the GDP data (Thursday) will offer an excuse to begin that.
Other than that... there really isn't much to note.
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Overnight Asia action
Japan +0.6% @ 18947
China +0.5% @ 3429... another notable close above the 3400 threshold.
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Have a good Monday
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8.50am
notable early mover... AAPL, -1% in the $117s. It will be interesting where this one trades... earnings are due at the Tuesday close.
A break >$120 will open up new historic highs... and negate all of the broad sideways chop from earlier this year.
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weakness.. VRX -8%...in the $106s... with a conf. call due... an ultimate PR attempt to reverse the markets increasing concern that the company is at least semi-fraudulent. Could be rather entertaining.. if the $100 threshold is closed under.