Wednesday, 2 July 2014

11am update - Dow set for 17k

US indexes remain in minor chop mode, but with the usual underlying upward inclination. The mighty Dow looks set for 17k... whether today, tomorrow.. or next Monday. It should make no difference to the equity bull maniacs... the primary trend remains strong.

Dow, daily


Little to add.

Yellen is on the loose this hour... bulls should hope she stays mute on interest rate policy. Or... if they are lucky, talks about 'long term low rates'.

*WFM.. my train wreck remains moderately higher, and i'd really like a Thursday close in the mid/upper $39s... at least keeps open the hope of 41/42 next week.