Fireman Trump has snuffed out the flames that pyromaniac Trump set last week. The futures are melting up in appreciation — and, because nearly every one of our factors is supporting them this morning.

Perhaps the two biggest moves in the after-hours: AAPL has pushed through its SMA200……and, BA is waking up to the specter of a potential death cross. continued for members…

The AAPL move is especially significant.  I was prepared to short at the SMA200 — also channel line resistance. If this move holds, it keeps AAPL’s rally alive.Elsewhere, futures are up 13 points.  This puts ES at the top of the falling white channel we added last week.

It would lift SPX out of the falling purple channel — which always seemed too steep to serve as the guide for the next 16 months. We’ll see if the red channel fares any better.  Once we get a significant reversal I’ll work on coordinating the colors better between ES and SPX.VIX is off a little this morning.  On Friday, it gained even though SPX also gained — very strange behavior. COMP is poised to poke above the white channel midline — an important test for the index.On the currency front, DXY has tagged our downside target and is hinting at a breakdown… if EURUSD is able to sustain the threatened breakout.USDJPY is still churning sideways — which will produce a purple channel tag in a few days, everything being equal.Oil and gas continue to look susceptible to further drops. TNX continues to get a slight bump – likely a delay, as ZN potentially has a little further to go. I have a quick errand to run, and will be back to finish the currency post from Friday.