Monday, 19 October 2015

11am update - underlying strength

US equities remain a little lower, but there is clearly no real downside power, and the sp'2040s remain due. USD is building moderate gains, +0.4% in the DXY 94.90s. Gold -$4. Oil -2.1% in the $46s.



*notable third green candle on the weekly chart.

Not much to add.. on what is a rather quiet Monday.

Price action will no doubt pick up as the week proceeds.. not least on Thursday, when Draghi will likely threaten increased QE.. as deflationary pressures are increasing across the Eurozone.

notable strength: DIS,


Very consistent... pushing higher... first target 113/115... by early Nov (earnings 5th).

... the internet will melt down around 8pm EST.     DIS bears.. beware.