Monday 23 December 2013

11am update - momo stocks are strong

Whilst the main market holds moderate gains, there is some notable strength in the momo stocks. FB +4% in the $57s, TWTR +3% in the $62s. Metals and Oil are seeing minor chop. VIX is naturally weak, -3% in the low 13s.


FB, daily



TWTR, daily


Summary

Anyone want to dare short either of those?

I didn't think so. Frankly, only a maniac would be short anything right now..with Santa set to deliver in just two days.
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*pretty stormy here in the capital...the shoppers are getting whipsawed around by the strong winds and heavy rains.

Bullish....winter clothing.