Friday 15 November 2013

10am update - just. another. day.

Many of the indexes break new historic highs, with the sp' having a moderate chance of a weekly close in the 1800s. There is upside to 1810/30 across the next few weeks. Metals look weak, and Dr Copper is in danger of losing the $3s within the next few weeks.


sp'60min


Summary

Well, another week coming to a close, and the equity bulls look strongly in command. Trading vol' remains light, but hey..when did that last matter? Buying is light..but selling is even lighter.

No QE today..but hey..go look at QE for next week..there are TWO Qe-pomo on Monday, urghh.

Seemingly zero chance of any pull back until at least >Nov'25.
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Notable early mover.. TSLA.


I'm in agreement with Carboni, TSLA lower..although I'm gunning for 110/100, vs his 120s.