Thursday 16 April 2015

12pm update - continued minor weak chop

US equities remain a little weak, but there remains no downside power. This remains a market broadly strong, with new historic highs for ALL indexes.. including the Nasdaq comp'. Metals moderately weak, Gold -$5. Oil is -0.2%.. but the mid term trend is now powerfully higher.


sp'60min


Summary

Little to add.. on what is a somewhat dull day.. as another set of IPOs are sold.

Well... whether we close net higher.. or a net lower... what is clear... there simply isn't any significant downside power from the equity bears.

-
Meanwhile... a notable IPO... ETSY


The new world economy now also consist of over-priced candles and various household trinkets. If you liked it at $16... will you love it even more at $50?

-
time for tea.. or something