Wednesday 2 April 2014

11am update - minor gains

US indexes continue to push higher, with new historic highs for the sp'500, Transports, and NYSE Comp'. Metals are holding gains, Gold +$10, which is really helping the gold miners, +2.3%. Oil remains a particular weak spot, -0.3%


sp'60min


Summary

I'm still looking for a retrace, but hey..this nonsense could just keep on going, if so..I'll let it run.

Right now, the best place to jump aboard the long train would seem to be 1870/65, but we just might not pull back.

--
time for an early lunch


11.34am... sp'1888....are we done yet?  Right now, best downside looks to be 1870..some time tomorrow/early Friday, before renewed upside.

*Oil...back to flat...from -0.5%.