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[Belgrade Bobby]

Apple – AAPL
Oppenheimer Adjusts Price Target on Apple to $250 From $200
Apple  AAPL has an average rating of outperform and price targets ranging from $125 to $275, according to analysts polled by Capital IQ.

[SF Monedge]

Nikkei futures are still bid which is another indication traders/banks will keep buying stocks post-PCE, just not as aggressively as this quarter and with some partial liquidations of holdings.  Casual portfolio adjustments to hedge along the way is likely to be the catchy tone.

[SF Monedge]

If I were a floor trader I would be keeping the portfolio intact with no dramatic adjustments, status quo with a slighter lean toward Dollar sell side through option spreads.  See no reason to be overly aggressive in switching the overall Dollar buy side but would definitely be fitting in a few new short out of the money and holding overall until decay sets in.  To this point it would take a bit to push a good manager to make wholesale changes I would think.

[GVI Forex 2]

PCE about as expected.. initial dovish reaction but no surprise

[GVI Forex 2]

PCE is a big market data release but the components are already known so any miss is seen as a big event.

[Mtl JP]

10-yr 4302
—
Question: will there be one rate cut before yr-end ?

Answer: in less than 10 minutes.

[Mtl JP]

and nevermind these two yakkers on deck
–
12:00 bowman
12:40 daly

[Mtl JP]

Friday 28th trading musings
–
08:30 – US PCE – Potential for price moving reaction
10:00 – US Mich Cons Conf – ditto re reaction

then … players likely to poof! early for the week-end

joker in the deck:
market reaction to potential week-end ambulatory carting off joe due to “health issues”

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

If TV debates decided elections, world markets seem remarkably calm about the prospect of a Donald Trump return to the White House as the first half of the trading year ends on Friday.

It may be too early to stake bets on November’s U.S. election outcome just yet, and there are many pressing issues on the table before then – not least a critical update on Friday on the PCE inflation gauge favored by the Federal Reserve and the first round of the French assembly election at the weekend.

Morning Bid: Parsing Biden TV flop, France poll, PCE time

[Belgrade Bobby]

EURUSD Daily

Supports at : 1.06850 &  1.06600

Resistances at : 1.07150 , 1.07250 , 1.07500 & 1.08300

I am not going to lie to you only cause I truly detest EUR – Seems as it had found the footing here.

Pattern suggests that we are about to break up in days to come – of course all depends on tonight’s Close !

[GVI Forex 2]

EURUSDJPY DAILY CHART – 1.07 PATTERN

 

1.07 Pattern Extended to 6 days in a row, rewarding the range traders and penalizing the breakout players.

While trend is still down, the current consolidation around 1.07 suggests there will be a diredtional move once the pattern is broken (either 1.07 becomes support or resistance).

Key levels remain at

1.0666/1.0549/1.0600

1.0745/50/1.0761/1.0800/1.0852

[GVI Forex 2]

USDJPY hits AT Alert target

[GVI Forex 2]

USDJPY 1 HOUR CHART –Was it the BOJ?

 

As this chart shows, the retreat from yet another new high (161.28) needs to hold above 160.63 (suggests 160.50) as well to keep a bid.

Was it the BOJ covrtly capping the upside?

Whatever the case, the new high is now key resistance.

Note Amazing Trader (AT) Alerts sent aUSDJPY sell alert earlierearlier

Sell 161.036/stop 161.351/take profit 161.642

[Mtl JP]

GVI 8:51 lets say joe goes POOF!

who is the backup qtrbck (s) ?

[Mtl JP]

EURO … MAYBE IN A PATTERN
like an airplane whose nosewheel wont deploy circling around and airport trying to burn off fuel

IN THE MEANTIME … patient dlrchf playrs are sitting pretty even if long only from 8890-ish

[GVI Forex 2]

JP has been telling me for months that Biden would be forced to step down as the nominee. He may just see his forecast to be proved right.

[GVI Forex 2]

JP has been telling me for months that Biden would be forced to step down as the nominee. He may just see his forecast to be proved right.

[GVI Forex 2]

EURUSD 1.07 pattern.. 6 days in a row

Look for pressure to build to replace Biden after his disastrous debate performance

NYT

A Fumbling Performance, and a Panicking Party

President Biden’s shaky, halting debate performance has Democrats talking about replacing him on the ticket….

[GVI Forex 2]

EURUSD 1.07 pattern.. 6 days in a row

[GVI Forex 2]

Watching the debate and initial market reaction suggests not so much that Trump is winning but that Biden may be blowing his chance…. Still some time to go

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