There's that corrective move I mentioned in the last market update and as expected the $USD is finding a patch of weakness and the Yen a little strength, it's more about $USD weakness, but it doesn't matter, the point is the $USD/JPY is the correlation, the carry pair and as expected it's moving down and the market with it.
We should be able to get some information from this intraday decline that will tell us a lot, but it's not even starting yet, the intraday charts are leading negative so "if" we get accumulation of the dip, the market will have to turn lateral (sideways) first).
AAPL probably makes for a decent intraday/day trade using a put right here, but its speculative and I'd take the profits quick and not fool around.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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