monday

GM all

A big week ahead with AU economic data.

It all starts on Tuesday with Trade Balance
Wednesday we have home loans data
Thursday Employment Rate

Busy week on that front.

A more interesting developent over the weekend came in the form of Wall Street/AAPL

Why is it interesting?

The market has pushed the stock to the tilt. What has happened over the weekend is what most punters were expecting to come to fruition sooner or later and they were buying into that very expectation.. Verizon has finally decided to sell the Iphone.

Verizon is by far the largest mobile provider in the states. In terms of AAPL valuation and in terms of growth in the U.S after this agreement...one must ask how much much room is there left to move..at valuations $300B+ overtaking Microsoft its possibly fully priced with the Verizon agreement now in place

Will be interesting to see how Nasdaq trades during the week.

SPI - well, on an intraday basis I don't know what will stop me from selling rallies, unless a serious price volume reversal takes place, are you bullish on the AU economy? well AU data this week could provide that catalyst, then again - maybe not.. 4680/85 looks like a tough gig to break, 4720 looks even better.

Good luck today