Friday 6 February 2015

10am update - break of resistance... and fail?

US equities break key resistance of sp'2064... but have already turned fractionally red. Bull maniacs could do with a daily net gain... otherwise there is a real threat of a notable failure. Metals are sharply lower, Gold -$24. Oil is holding gains of 1.4%... but as ever... is highly vulnerable to turning lower.


sp'60min


Summary

*I exited TWTR at the open.. @ $46.20 (long calls from $41.50 yesterday)... it makes up for last Friday's rather annoying 'sell into the weekend' trade. Its been a long.... long time since I meddled in any of the momo stocks.
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So... opening gains... but its looking a little shaky... eyes to the VIX....

Equity bears really could do with the ECB opening its mouth today... but that is of course an impossible thing to predict.

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Notable gains in TWTR


So.. an earnings jump into the first target zone of 45/47, having been churning out a base for around 2 months.
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10.15am.. Indexes battling hard to hold gains.... next level.. upper daily bol...@ sp'2075. 

Metals continue to sink, Gold -$29... having broken below key support of GLD 120