Bullish case:
- Tech relative strength (still above 20 & 50 SMA)
- Some bullish candles
- WYNN, IBM & MOS beat earnings
- Long bond 127 resistance held and is now backing off
- Copper still flagging
- Another dollar fade day (probably can't get up until a credible deficit plan is passed)
- AAPL breakout to all time highs (above it's 5 EMA)
- Energy was strong today
- JNK v. LQD is making a series of higher lows
- Gold and silver breakouts
- Gold and silver breakouts
- Endless QE speculation
Bearish case:
- IWM is lagging (below 20 & 50 SMA)
- EU mess
- VIX above 20
- Utilities, Health Care and Consumer Staples were the strongest sectors today reflecting risk aversion
- Endless NO QE rumors
For Tomorrow we have:
- Bank earnings P/M (GS BAC WFC)
This week's finviz calendar
Economic Calendar
| Tue Jul 19 | | Release | Impact | For | Actual | Expected | Prior | |
| 8:30 AM | | Housing Starts |  | Jun | - | 570K | 560K | |
| 8:30 AM | | Building Permits | | Jun | - | 609K | 609K | |
SPY
30 minute
QQQ
30 minute
IWM
30 minute
Dollar (DXY0)
Copper (HG_F)
Long Bond (ZB_F)
Crude (XOIL)
Gold (XGLD)
Silver (XSLV)
VIX
McClellan Oscillator
JNK v. LQD
Shanghai Se Composite
AAPL
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