We coined March 17, 2015 as Janet Yellen was poised to deliver a statement following the March FOMC meeting. The Dollar peaked around 100.40 and hasn’t been back.
Friday we gave our own preview on Apple earnings, joining the chorus of analysts who all eagerly awaited what we all knew would be record setting numbers.
Attached is a screenshot of Thomson Reuters Eikon taken on Mon 4/27/2015 3:55 PM (GMT) : Chart: VALE.K
Chinese internets on fire – including BIDU:
Trade Update – VALE
We love Apple as a company and as an innovator…and also as an EM powerhouse. Say what you want about Apples ASP price point being too high, but it’s still a global aspirational brand that developing nation consumers want to own.
EM continues to trade well despite many currencies underperforming today. Watching RSI levels however which say we may be a little frothy. Expect a breather at $44.00. This your key resistance from last summer/fall to overcome…
Petrobras is up almost 5% today after last nights delayed but momentous 4Q ’14 earnings release.
I’m adding to EEM here on the breakout from one week ago Thursday’s levels.