Monday, July 30, 2012

Monday Evening

I thought I would see how much I could cram on this post... lol. Sorry for the delay, I had some formatting issues. Anyway, first a few charts:

AAPL Daily
AAPL pretty much filled that gap at 600 today. It could continue higher, but I imagine a lot of bears are looking at this and seeing a decent short setup. Anything over 615ish would most likely stop them out.

SPX Daily
When you zoom out a bit on a daily chart of SPX, you can see how important that 1310-1330ish volume zone really is. When I look at this chart, I find myself wondering if we could really break out here. I'm not sure what the catalyst would be, but 1425 really isn't that far off. It seems more likely that we ping-pong around between 1350-1425 until the election... but we are at an interesting spot right now. The bearish case gets stronger on a break below that volume zone.

Euro Futures Daily
Euro futures pulled back today and tested the 20day WMA line at 1.2240ish. There is potential for a push back up towards 1.2700... and that would probably correlate with the SPX pushing towards 1425ish. That whole area between 1.2450-1.2700 will most likely be tough resistance if the bulls push it up there.



Ok, on to more important things.... lol. I promised a pic of my pup Ruby. This is a little blurry, but is one of my favorites because she is licking her lips for a carrot... lol. Ruby loves carrots and carrot juice. When someone says "treat", she gets excited because she thinks carrots are coming. The one time I took her inside my local bank, they tried to give her a dog "biscuit" and she just looked at it... lol.




I looked for a while to find something for relaxation that wasn't just a photo. I found tons of videos out there, but I will have to dig through them some more to find the good ones. This one is pretty good if you enjoy waterfalls.