Monday 13 April 2015

10am update - opening gains

US equities see gains to start the week.. if minor. There appears almost zero downside power, and new historic highs look due in the near term. Metals are weak, Gold -$7. Oil is battling to hold opening gains of 1.5%


sp'60min


USO'60min


Summary

There is little to add.

Market looks pretty damn strong.... bears look powerless.

Earnings will of course be a major issue across this week.... INTC is due tomorrow...
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notable weakness, GE -1.7%... cooling from the Thurs/Friday gains.

strength: NFLX +3.5... on an upgrade... but the new series 'Daredevil' must merit some due attention, having received the biggest online acclaim I've seen in a long time.
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long week ahead.... stay tuned!