Thursday, 1 August 2013

2pm update - holding the gains

Market is still comfortably holding the sp'1700s. The 5/15min cycles will be fully reset by 3pm, offering a further mini ramp into the close. After all, more 'green shoots' jobs data loom for tomorrow. Oil remains exceedingly strong, +2.7%. Bullish US driving?


USO, daily2


At what point will the money printing maniacs care that Oil put in a significantly powerful July close?  $120? $150? Will that force them to stop QE?

Quiet afternoon...but yes..I think a little ramp into the close..1706/08.., and that will open up the 1715/25 zone tomorrow..or early next week.