etfmsolutions: Waiting on Apple....07.20.15

Monday, July 20, 2015

Waiting on Apple....07.20.15

Apple reports after the close tomorrow and positive momentum is building ahead of that event....and was almost solely responsible for today's pop in QQQ (of which Apple comprises 20+%). On the bigger picture things weren't quite so positive and the odds of a pullback increase each successive day a one fails to materialize. Here's a look at today's action and the close was not bullish.
Below that is a new composite graphics panel that was added to the Mosaic site today and which combines various TrendX graphic modules into a single panel in order to better understand the current technical picture on SPY. This panel will be undated end of day each day with the six unique M3 models only posted once a week unless something surprising develops (which is often).
Note that the 2 day ALERT stop has crossed over price....this is ominous. (click once to enlarge)

Commentary and Updates

Mosaic Solutions commentary is typically published daily as time permits and market action warrants.
Posts feature Mosaic model updates including delta neutral stops, VIXEN directional trades and PONZO forecasts.

NOTE: Posted risk exposure indicators, signals and metrics apply to Mosaic models only. They are not directly correlated with price movement in the major market indices and can not be used to forecast directional changes in those instruments.
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TRENDX is a proprietary Mosaic market signal that blends volume, RSI, momentum and rate of change.

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