Friday 10 April 2015

11am update - battling higher

US equities are continuing to battle higher, with a probable weekly close in the sp'2100s. The near and mid term trends are clearly back to bullish, with viable upside into May. Metals are holding gains, Gold +$12. Oil is similarly holding sig' gains of 1.5%.. but as ever.. remains vulnerable.


sp'daily5


USO,60min


Summary

... little to add.

It remains a market with little concern.. after all... as companies keep on buying back their own shares..  how can the market ever see any kind of sig' down wave?

notable strength: ... not surprisingly.. GE +7.7%..  as yet another company decides to cannibalise itself.