Tuesday 22 October 2013

2pm update - more of the same

The main market is comfortably holding moderate gains, with the sp' in the 1750s. The NYSE composite is back in the 10000s, for the first time since Oct'2007. Anyone touting big declines in the near term needs to have their trading screens...removed.


sp'daily5


NYSE comp, monthly


Summary

Little to add, trend is up.

Shear lunacy for anyone to be top calling with price action/structure as we currently have.
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Ohh, but some will highlight divergences on the bigger monthly charts. Yet, price is what matters, and price is going UP..