Thursday 10 September 2015

10am update - battle resumes

US equities open a touch weak, but have already turned moderately positive, with the sp' battling for the 1950s. Indeed, a weekly close >1950 is arguably essential to keeping open the sp'2000s in FOMC week. Oil is seeing minor chop in the $44s, ahead of the latest EIA oil report.


sp'60min



AAPL, 60min


Summary

*someone seems to have found AAPL in the $109s all too tempting in early trading, and AAPL has snapped strongly higher into the 111s.
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So.. an open where everyone is getting a chance to reposition.

There can be no excuses today. Considering the daily MACD cycles.. we're still on track to push higher.

yours... in the trenches, wearing a flak jacket.    
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10.16am.. notable strength in the Transports

daily


The 8300s look viable.. which would be suggestive of sp'2000s