Closing Brief

It was somewhat of a mini roller coaster for US equities, with a morning low of sp'1772, but seeing a latter day recovery to settle -8pts @ 1781. The two leaders - Trans/R2K, settled lower by -0.85% and -1.45% respectively. Near term bounce to 1810/15, then 1760/50..if not lower.


sp'60min

Summary

*awaiting AAPL earnings...due 4.30pm

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So...we broke to the low 1770s..and have already seen a 20pt swing higher. Yes, the closing hour was weak, but still...we closed almost 10pts above the morning low.

On any basis, a 'natural' bounce zone would be the old broken support in the sp'1810/15 zone. It is hard to guess whether that will be reached tomorrow..or not until Wednesday.

Regardless. the bigger weekly cycles are BROKEN. Bulls...beware!
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the usual bits and pieces to wrap up the day...across the evening.  :)
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Earnings...update...

STX, Seagate missed... -7% in AH, to the $54s

AAPL in-line...  stock selling lower, -5% @ $520.   Overall though, its still raking in $14 EPS..each quarter, a very impressive profit margin.

more later...on the VIX.