Thursday 26 December 2013

11am update - Dow crusing higher

The main indexes are holding moderate gains, with the Dow in the 16400s. This confirms the original outlook that a break into the 15800s are important, and with a successful back test, there is upside to 17000/500 by the late spring. VIX is melting lower...the 11s are due.


Dow, daily


Summary

It remains pretty quiet out there, but still, there is some dynamic action, if you look around a bit.

Shippers remain strong, with DRYS +7%, and most others +1-2%