Thursday 7 November 2013

10am update - Dow making a break for the 15800s

The Dow is making a break for the 15800s, which is enough (in my view) to confirm 16k 'soon'..and 17k by late spring 2014. Metals are seemingly weaker after good US GDP data, with Gold -$12. Oil is weak, -0.6%.


Dow'daily


Summary

*Twitter looks set to open in the 40s...

Lets see if it ends up with a giant black candle by the close.
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TSLA holders still under massive pressure.


Target remains a very clear 110/100.
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10.18am..well, we're seeing a touch of weakness, but really, its nothing significant. Underlying pressure remains to the upside.

Weekly charts are especially powerful.

Awaiting TWTR to open....in the 40s.