Not a Good Start

Maybe GS will open up, we'll see how long that lasts, but for AAPL, IBM and the market at large, this does NOT look to be a god start.

Overnight China raised their benchmark rate by 25 basis points, this probably explains the deal that was made so the US would not label them as a "Currency manipulator)", if you remember last week, that report was due out and at the last minute cancelled.

The net effect of this action will hurt the Chinese markets (just as 3C showed in the China 25 ETF last week), it should also hurt the US market a bit a help the dollar.

The dollar by the way, vs the Euro has now reached just about the level in which I said it broke it's trendline last week after 3C had shown a little more then a week of weakness.

So I'll be out for a bit, but be back soon and we'll see who's who in the zoo.