Markets traded sideways in what was a wait and see mode ahead of Apple’s results after the bell and the FOMC decision later this evening at 7.00 pm. US equities ended the day marginally in positive territory with technology share leading the way while the automobile sector underperformed following another disappointing sales update. The latter appears to have been a factor for the move lower in US Treasury yields with the fall in oil prices and Trump’s tweeting complains on the US political gridlock also contributing to Treasuries performance. Lower US yields have seen the US dollar underperform most G10 currencies with the New Zealand dollar close to the top of the leader board helped by a better than expected dairy auction. News on Apple’s Earning Report came in weaker than expected with revenue and iphone sales slightly missing expectations, although EPS of $2.10, beat analyst expectations of $2.02. Apple shares have fallen over 2% after hours and could set the tone when US markets open again this afternoon.

To mark my 1300th 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 can you please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it ended the day flat yesterday as none of my calls were hit and still ahead by 87 points for May, having made 1276 points in April, 1335 points in March, 1481 in February and 1734 in January. The previous seven months saw gains of 1351, 1971, 1582, 1142, 1782, 1682 and 2550 points respectively. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1750 points.

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