Apple news on Tuesday could send market higher and if Apple announces a China Mobile deal look for all tech stock to jump
Obama speaks to the Nation Tuesday night but as of now the odds of a Syria invasion are nil to off the charts. Congress getting major heat for voters to stay out and Obama just left G-20 meeting with very little foreign support. Don't see Obama going it alone anymore since everyone is pretty much against Syria intervention. Uvxy could drop big time Wednesday, if the President falls flat on his face Tuesday night.
Which way does the Fed go on September 17 - 18? Either one of two ways and both will push Uvxy way lower. The Fed holds off tapering and says it will wait for further economic numbers before it takes action. Of the Fed decides to tamper buy only offer a bare bones reduction in bond buying. In other words, Uncle Ben is going to take baby steps in reducing QE and when the market see's that it moves higher.
So there it is.. Apple on the plate. The President striking out. And the Fed either postpones the game in mid-September or hits a weak single that tell the market the Fed still want to ease well into 2014.