Tuesday 31 July 2012

12pm update - churning sideways into Fed day

With the econ-data inline, Mr Market is now content to trade sideways for the rest of today. Another doji candle perhaps?

I suppose if Mr Market wants to set a few of the bulls on edge, a close of 1379/77, but that looks kinda unlikely. We've already seen the 1380 level hold well.


sp'60min, rainbow



Summary

quiet day...nothing much to add.

FB declining into the 21s is somewhat amusing though..well on the way to the low teens. I would only considering buying it @ $1.25   Thats not a typo...one dollar....25 cents, then I'll...consider it.