Monday 20 April 2015

1pm update - no downside pressure

US equities are holding significant gains, with a daily close in the sp'2095/2005 zone looks probable. Further strength across the week looks due as earnings continue to come in broadly... 'reasonable'. Metals remain weak, Gold -$9. Oil is trying to build moderate gains, +0.4% in the $57s.


sp'weekly2



Summary

*a brief look at the weekly chart, another green candle.... upper bol is offering the 2130s in the immediate term... although that does not seem likely until next week.

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notable strength, social media, FB +2.5%


Earnings are due this Wed' AH, a move to new historic highs in the 86/88 zone look viable.
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stay tuned