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well, appears we gonna stair step up to 2500 and beyond so we can say we did, vix target near term 9.4ish. bumps ahead incl. kim jong nutmove (unlikely) , Fed hawk move (unlikely)...tax reform package of some sort should be next source of good rocket fuel...imho.
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The NYMO cycle is up.
The price divergence we had last week has been cured, but now we have a small NYMO divergence as NYMO has not made fresh highs to go along with the price highs. Maybe this clears up by the close or tomorrow.
The current cycle has been running 22 days. So, I would not be surprised to see it turn down quite soon.
Even if the cycle turns down, as long as NYMO stays above zero, action should be inclined to favor the bulls.
Pricewise, our gap year continues with a huge one from last Friday's close.
We have broken away from the middle keltner, but the action looks rather wedgie to me as it attempts to reclaim the broken internal trend and the upper keltner.
I am seeing a lot of bullish twitter chat, but I wouldn't rule out bearish scenarios.
A break of the wedge, and a turn in the NYMO could at least send price back to the middle keltner.
I still have a little long from August after another scale.
Nothing to do but wait and respond to what unfolds ahead.
AAPL blog is live
This is the first event Apple is hosting in the new Steve Jobs Theater at the new spaceship campus
should start soon https://live.theverge.com/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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In Blow To US Dollar, BRICS Considers ‘Sanctions-Proof’ Cryptocurrency
While the US Dollar remains the most popular global trading and reserve currency, this is rapidly changing. A BRICS backed cryptocurrency may be both the proverbial ‘Dollar buster’ as well as a ‘sanctions buster’.
Al_Dente wrote:NY narrow
Plenty of bull volume in a handful of issues:
NY advancing stocks = 1.6 x declining stocks NY advancing volume = 2.8 x declining volume
Nasdaq weak, chop
Nasdaq advancing stocks = 1.4 x declining stocks
Nasdaq advancing volume = 0.9 x declining volume
NY advancing stocks = 1.9 x declining stocks
NY advancing volume = 3.6 x declining volume
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.