Friday, 30 October 2015

2pm update - melting upward

With two trading hours left of an insanely bullish month, the sp'500 breaks a new cycle high of 2094.. a mere 40pts (2%) away from breaking a new historic high. Bearish thoughts of the 1800s.. or anything lower should have long faded from even the most bearish of bears.



Price action remains very muted... on what has been a truly bizarre month.

All US indexes are set for the fifth consecutive net weekly gain.

notable weakness

TSLA, -1.6%

Price action remains a real mess.. and the Aug' low of $195 looks vulnerable, if the broader market retraces to sp'2020/00 by mid November.

back at 3pm