Perhaps the Jackson 5 said it best…

A-B-C,
Easy as 1-2-3
Ah, simple as do-re-mi
A-B-C, 1-2-3,
Baby, you and me

Alphabet is soaring in the after-market, but coming up on important Fib and TL resistance.  Can anything stop this behemoth?As one of the 10 stocks which contributed over 100% of the S&P 500’s YTD gains, it’s one to watch.

continued for members…Together with China’s new stimulus, it has futures within striking distance of the .886 Fib upside target.DJI is sure having a tough time breaking out.

VIX: another tag of the yellow channel bottom.  I’d try a long position here. We’re down to just a few days left in the month for RB and CL to break down meaningfully.  With TNX breaking out, it makes things a little tougher. CL is looking weaker than RB at the moment. Note that, while Jul 2017’s range was higher than Jun 2017, the actual EIA average prices from those months indicates the opposite.  June 2017 registered 2.257 while July came in at 2.211. On the yield curve front, note that we’ve had a nice little bounce over the past couple of sessions.  The last few bounces have been associated with drops in ES.  This sort of action would support a reversal in GOOGL at its 1.618 and ES/SPX at their .886, .UPDATE: 3:45 PM

Coming into the close, and ES/SPX have just managed to remain green.  SPX got within 5 points of its .886.

No surprises on the currency front. The tables have turned for CL/RB.  RB is now looking weaker, as we would have hoped.  Remember, API inventories are due out after the close, and EIA data is due out tomorrow morning. VIX is perched at the SMA10, but there’s still a few minutes left.UPDATE:  4:05 PM

Gotta love those algos!