Tuesday, January 8, 2013

TLT, SPY, AAPL

Right now the gap up in Treasuries on the long end doesn't look well supported in the short term, it all actually fits together with our expectations, now we just need the market to finish this move. AAPL thus far looks pretty good since yesterday's Call Trade Idea and Charts can be found here.


 The longer term, more important, larger trend in TLT on the 15 min chart is very positive, this would suggest a pretty substantial fall in the market and that is in line with Trend #2 we have been expecting after trend 1 is finished. However...

 This morning's gap up in TLT doesn't look well supported on a near term basis which may be good if money rotates out of TLT very short term and in to risk assets.

That may finally give us the SPY move above the yellow area we just crossed above, this is the area we predicted we'd see early Friday a.m. and saw late Friday a.m. but the prediction was based on certain behavior connected with a reversal that takes a little more than 30 mins. above that level.

AAPL is seeing good volume this far and a decent move.

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