The big news in equity markets has been the Dow Jones move up to 22000 for the first time ever boosted by Apple’s better than expected sales report. Amid a soft US Dollar environment the Euro briefly traded above 1.19 and UST yields are little changed. Meanwhile commodities have had a mixed day, although oil staged a small recovery on better than expected US inventory and demand data. All that said, with most traders away on vacation yesterday’s trading session could best be described as a typical holiday thinned market day. Apple shares rose 4.7% to 157.14 after posting a 7% increase in revenue in the most recent quarter and forecast a better than expected performance in the three months to September. The rise in Apple shares represented a jump of 50 points in the Dow, helping the Index close above 22000 for the first time ever. Mixed performance on other tech shares weighed on the NASDAQ (0.0%) and after trading for the most part in negative territory, the S&P closed at 0.05%.

To mark my 1400th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day. This offer is open to both new and existing members and if anyone is interested in this offer can you please email me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 110 points yesterday and is now ahead by 133 points for August, having made 1096 points in July, 1023 in June, 1071 in May, 1376 in April, 1335 in March, 1481 in February and 1734 in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1700 points.

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