Thursday, 28 August 2014

3pm update - micro churn into the close

Equities continue to trade within a very tight range, with the sp'500 set to close in the upper 1990s. No doubt some will be getting overly excited that the market failed to close in the 2000s.... the reality is that it is of no consequence. Primary trend remains the same.



Little to add...on what was just another day closer to the long weekend.

 Notable gains, CHK +2.3% in the $27s... 30/32 seems viable in this new up wave.

3.21pm... minor chop continues.

*SDRL +1.1% in the low $37s... which I will hold overnight..and probably across the first half of next week.
back at the close.