Futures...

I like what I see.. The idea is AAPL pushes the market up near term on earnings (tonight), we'll be looking to sell Calls and any short term longs in to price strength and initiate new or add-to shorts in to the same price strength, which I don't expect to last much longer.

As you may recall, a weak $USD is market positive, a strong Euro is market positive, a strong $AUD is market positive and a weak Yen is market positive, so looking at the currency futures, here's what 3C is showing for the short term...

The relatively strong $USD 1 and 5 ,min futures (usually overnight and in to the next day) are showing negative divergences, this is a market positive.

The Euro intraday has a huge positive 3C divergence, it looks ready to fly almost any moment now. The EUR/USD is also going positive on the 3C charts (also market supportive).

The $AUD doesn't have a very near term positive (as in ready to move right now), but there's a 15 min positive, that falls within our timeframe and the Yen looks pretty neutral.

In addition, the Carry pairs of EUR/JPY and USD/JPY also have building positive divergences (also both market positive near term).

The Index futures are all more or less in line, the 60 min "TF" (Russell 2000 Futures) has been a strong short term indicator despite its longer term timeframe, it is very positive.

As for Gold and silver... As shown in the GLD and SLV posts today, both gold and silver look like they have more work to do, but they are progressing and moving the right way for us to be able to look at new long positions at excellent/low risk prices and I believe very soon (We've done excellent in timing both and I HATE trading Precious Metals, so to see strong signals that would make me even consider either, you know they have to be pretty strong.

Our last long in both bought at the very low and sold at the very high and we were out before the collapse.