Watch the UUP

UUP (Weekly) Bullish

• UUP still in a Bullish Fork
• Break above 22.75 would be Very Bullish
• Break below 22.00 would end the Bull fork and would be Very Bearish

Weekly Update

SP-500 (Weekly) Neutral

• SP-500 still in strong Bull fork
• Break below 1400 would end current Bull fork
• MACD leveling out is Bearish
• Market is being fueled by the Fed 
• As long as the Fed is pumping in money markets should hold
• Have trailing stops in!

AAPL Finds Support...Few...

Apple (AAPL) Weekly

• AAPL still in a Bearish Fork
• Found support in bottom of the Bear Fork
• Break above 550 would be very Bullish
• Break above 650 would end the Bear Fork
• Would be VERY careful if long AAPL
• Have stops in!

Personal Income Falls Off A Cliff!!

Real Personal Income Annual Change...

Chart From Streettalklive.com

• GDP in the United States is a 70% consumer driven
• Slow down in income will be a slow down in spending
• Slow down in spending = Red GDP
• Bulls need this to turn around FAST!

Death of AAPL? Top almost in for the Market?

Apple (AAPL) Weekly

• AAPL in a Bearish Fork
• Break below lower end of the fork would be VERY BEARISH
• Next major support is near 400 and 350
• Bulls need a break above 550
• AAPL must hold here or could fall below 300!!

Top Almost In?

Chart from Zerohedge

• Good news there is a large amount of buying
• Bad news it is all on margin!!!
• History is a guide, we could be in trouble....
• HAVE STOPS IN..