Tuesday, July 6, 2010

readings on tuesday july 6, 2010 12:50pm

early morning strength has faded as market struggles to hold onto gains

asian indexes were stronger overnight and fxi rallied to nearly 40.50 but currently sits at 39.81

spy at 103.22
9-1 buy
3-0 buy weekly
2-0 buy monthly
will take some serious rally to recycle in weekly or monthly frames

aapl at 248.42
9-0 buy
2-0 buy weekly
9-5 sell monthly
sell pressures maybe lifting with aapl

gld at 116.81
3-0 buy
2-0 buy weekly
4-0 sell monthly
unclear if longer term strength is weakening


paul

please visit:
BillyChiu.com

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