Let's make this simple -
The G20 is meeting - Hi, It's Tim, I'm Stuck In Paris, And Need You To Send $500 | ZeroHedge
The earnings barrage starts Monday - U.S. Earnings: Company Earnings Calendar - Bloomberg
Who gives a shit about earnings when we all know they are manipulated anyway (as more proof comes to the top - think JPM) - The "Book-Cooking" Index Soars To All Time Highs | ZeroHedge
No worries - the financials are in great shape - Fitch: More Than Dozen Banks May Get Rate Cut - Bloomberg
Holder is in deep shit - Obama Talked About "Fast & Furious" Months Before Holder Claimed He Knew | RealClearPolitics
The conspiracy nuts may like this one - Is the New World Order unraveling?
GOOG - Google Earnings Blow Past Expectations; Shares Surge - CNBC. Looks like a move to resistance this morning that should set a divergence. As with AAPL, this stock is a bit different. I'd be cautious chasing this one after the open. The developing divergence int the MACD will be nasty. GOOG will assist an already outperforming tech index at the open -
SPX Daily NYMO - It is just one indicator, but it has done a nice job of timing tops recently -
Daily SPX - TNX is flying. Not sure if this needs to reverse or if it will continue to climb. this chart looks toppy and should indicate a corrective is due. The short term charts will be really overbought after the pop this morning. STB was worried when I said "that should be it" at the top Wednesday. This formation will be more accommodating for a corrective. That said, the position of the daily chart does allow some more room to run. The prevailing thought is that this next move will only be a corrective. targets range from 1170 to 1143.
Minis 1m - 1218 (white) and diagonal resistance (green) and upper V band constitute a wall that I would not think will be breached. Making case for nice double top reversal when looking at 60m chart. Once again - it happens on a Friday.
I'll chart up some of the big earnings announcers early next week and put then in the Open Weekend Post.
Have a great weekend.
GL and GB.