“Traders, when they make profits, have short communications; when they lose they drown you in details, theories, and charts.” – Nassim Nicholas Taleb
Equities are still unable to attract new buyers and the heavy tone inside the choppy ranges continues.
Everyone is going to be waiting for Apple earning to see if they can ramp the market and finally catch a sustained bid. We are still in the ‘as good as it gets for now camp’ and as discussed in out latest weekly outlook video, we’ll be watching very closely for opportunities and focusing of how stocks close post-earnings.
Other key charts that we will be focusing on for today will be DXY and CL.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.