Monday, 19 October 2015

2pm update - the 2040s are due

US equities see another touch of weakness, but the underlying strength should be obvious to even the most  biased of equity bears. With leader stocks like DIS - in the $109s, and INTC $33s, bears should remain highly cautious ahead of the next ECB and FOMC. A straight run into the sp'2060s.. and beyond, is very viable.

DIS, daily

INTC, daily


INTC and DIS were two of the key stocks warning of trouble from May-August, and now they are warning of further upside into Nov.

All that is missing right now is AAPL... currently stuck around $111.
notable weakness, precious metal miners, GDX -3.5%.. which is a rough performance considering Gold is only -$2

back at 3pm