Morning Call

** The US Dollar reversed on Monday after making lower
lows (vs. Friday's low) and then closing the session at
higher highs (vs. Friday's high)

** Gold & Oil are starting to show some signs of weakness,
with Gold testing its support at 755. (74 for the GLD etf)

Nasdaq breadth remained surprisingly weak on Tuesday, despite the big opening gap. This is a bearish divergence that points to continued selling pressure in small caps and semiconductors.

Short AMMD

Morning Call

AAPL released strong earning, Cramer is crazy about it. The cheapest stocks he found out in the whole market sphere are GOOG and ISRG. Subprime will reduce Ads income but YouTube is great for profitability. He did not throw chairs around because the doctor recommended not to, but he did waved his big knife a couple of times.

Chinese stock market index SSE Composite Index went up 106 or 1.87%

US pre-market and the whole world is in a up beat mode.

But 7 Bells cautioned: Can strong earnings from Apple (AAPL) lift the broad market on Tuesday? Probably not because the company has shown surprisingly short coattails after prior earnings blowouts.

Have a successful trading day,

Market Swimmer