Apple stalls with 3 inside days

While the market continued higher the last three days, Apple (AAPL) stalled with three inside days. This stall comes after last week's wedge breakout, which is still holding. A move below last week's gap (252) would negate the breakout.


100727aapl


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Apple stalls with 3 inside days

While the market continued higher the last three days, Apple (AAPL) stalled with three inside days. This stall comes after last week's wedge breakout, which is still holding. A move below last week's gap (252) would negate the breakout.


100727aapl


Click this image for details

Stress Test Starts a Temporary Move to Risky Assets

Just as the stress test advocates were getting ready to declare Friday’s results a success due to a selloff in USD and rally in equity markets, we then ran right into a summer whipsaw. The broad majority of G10 currencies sharply reversed their brief trends with today’s European open. Yesterday’s wave of risky asset investing lacked any solid drivers, so the momentum was bound to falter….

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