Tuesday Evening

Naz Futures Hourly Chart

AAPL earnings have been reported and the stock is having a positive reaction so far in the after-hours session... currently up about 5%. Naz futures bulls pushed up to 2675 so far and if you look at the chart above, you can see the bulls have some work to do. The 2683ish area will most likely be a battle ground tonight and tomorrow.

Tuesday Afternoon Thread

MCP daily chart (11:05 AM)

There's a gap down there.  Volume has been well below average for over a week but has been increasing for the last 3 sessions.  The last 4 bars are red and so is today's so far. 

There has been news that Japan has developed battery technology that does not require rare earth metals.  These batteries could be used in electric cars.  Unfortunately these have not been met with the demand many anticipated.

I am not aware of a catalyst to move rare earth stocks higher and many appear to be falling under their own weight.  If you want a short position this is one to consider.  I have no position.

Chart of the day LVS morning thread

LVS has been declining on decreasing volume.  Although there is nothing that resembles a washout, this appears to be a low risk buy on a stock that has done rather well. It bounced off the 50 dma yesterday. You could put your stop just below today's low of 55.96.  I have missed this whole run and it is possible also that this is a top as it has broken trend.