sp'60min
Summary
Well, its Tuesday... and all of the doomer chat over the long weekend has amounted to nothing.
We are clearly due a bounce, having cooled from 2081 to 1857 across 13 trading days.
Right now, it would seem we'll max out next Tue/Wed' afternoon in the 1960s.
From there, next wave should take us to the 1750/25 zone.
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early movers...
AAPL +1.3% @ $98s
DIS +1.3% @ $95s
FCX +4.1%
NFLX +2.1%
TVIX -10.3% in the $9.40s. The 6s look viable next week... and I will be a likely buyer there.
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Update from an increasingly bearish (mid term) Oscar
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Overnight action...
Japan: very unstable session, +0.5% @ 17048
China: messy open, but then climbing, +3.2% @ 3007, a natural back test to 3400s looks probable before next wave to 2500s.
Germany: currently +2.2% @ 9730
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Have a good Tuesday