With the major American stock exchanges closed on Monday, rumors continued to circulate. Although the major American stock exchanges were closed on Monday, rumors continued to circulate.  Unfortunately, those choosing to follow the doctrine, “buy the rumor and sell the news” will have to wait until Tuesday to make their purchases. Monday’s big rumor concerned Apple (NASDAQ:AAPL).  The scuttlebutt concerns the possibility that Apple will be releasing three new iPhones during 2013.  One product will supposedly be called the iPhone Math and it would feature a 4.8 inch screen.  An iPhone 5S is being discussed, which would have a 4-inch screen.  The two phones are expected to be released in June and both will reportedly include 8-mega-pixel cameras.  The third camera is not expected until the end of the year and it has been described as including a 12-mega-pixel camera.  Rumors continue to circulate concerning Apple’s long-awaited iTV which is now expected for December release. Another rumor making the rounds on Monday concerned the possibility that Microsoft could sell its Xbox division (NASDAQ:MSFT). Rumors that there is a “shortage” of physical silver are challenged by the fact that the price of silver has remained relatively unchanged (NYSEARCA:SLV). Monday’s American stock index futures trading continued, although the New York Stock Exchange and the Nasdaq Exchange were closed for Martin Luther King Day.  The March 13 Dow Jones Industrials future advanced 0.22 percent to 13,606 as of 11:29 EST.  The March 13 S&P 500 future rose 0.27 percent to 1,482 (NYSEARCA:SPY).  The March 13 Nasdaq 100 future advanced 0.35 percent to 2,738.   Financial ETFs Set to Rally in Earnings Season The Euro STOXX 50 Index finished Monday’s session with a 0.63 percent advance to 2,726 – staying well above its 50-day moving average of 2,608.  After struggling since the beginning of the new year, the STOXX 50 is finally breaking above its resistance level of 2,700.  Its Relative Strength Index is 62.97 (NYSEARCA:FEZ).  The FTSE 100 Index rose 0.43 percent to 6,180 (NYSEARCA:EWU).  The German DAX Index climbed 0.61 percent to 7,748 (NYSEARCA:EWG).  France’s CAC 40 Index advanced 0.57 percent to 3,763 (NYSEARCA:EWQ).  Spain’s IBEX 35 Index jumped 0.72 percent to 8,665 (NYSEARCA:EWP).  Italy’s FTSE MIB Index advanced 0.44 percent to 17,631 (NYSEARCA:EWI). As of 2:11 EST, the euro advanced 0.02 percent against the dollar, trading at $1.3318 (NYSEARCA:FXE). On London’s ICE Futures Europe Exchange, March futures for Brent crude oil declined by 8 cents (0.07 percent) to $111.81/bbl. (NYSEARCA:BNO, NYSEARCA:USO). February Gold futures declined by $1.10 (0.07 percent) to $1,689.70 per ounce (NYSEARCA:GLD).   VIX Fiscal Cliff Week 3 Bottom line:  The fact that the major American stock exchanges were closed on Monday did not stop the flow of rumors, as a good deal of attention focused on stories that Apple plans to release three new iPhones in 2013.  Sign up for Wall Street Sector Selector’s FREE Stock Market Timing Indicator!    Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector’s Disclaimer , Terms of Service , and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.