Monday 11 November 2013

11am update - morning chop

The main indexes are seeing minor chop..and despite an air of weakness out there..the bigger weekly/monthly charts are inexorably pushing upward. Metals are weak, but look floored in the immediate term. Oil is building gains, +0.8%


sp'60min


Summary

A very quiet day, but then..it is essentially a market semi-closed on a public holiday.
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Some interesting moves in individual stocks...I'll highlight some across today, whilst the indexes remain 'dull'.

RIG - a stock I recently highlighted...


I have to think if the main indexes 'broadly climb' into 2015..RIG is a 125/150$ stock.