Friday, 23 October 2015

3pm update - significant net weekly gains

All US equity indexes are set to close the week on a very positive note, with the sp'500 set for a net weekly gain of around 2.3%. The next FOMC of Wed' Oct28th will offer first opportunity for a reversal... although the first reading of Q3 GDP might be a far more bearish factor.



Little to add.

Equity bulls are set to achieve the fourth consecutive net weekly gain.. with an even more important weekly close above the 200dma for the sp'/Dow/Nasdaq.

Unquestionably... bullish.

notable strength...

NFLX, daily

Although yes, NFLX remains a stock that is broadly struggling. At best... maybe a brief foray into the earnings gap zone.. up to $110.

Regardless of the stock... I am most certainly looking forward to the next Marvel (owned by DIS) series...

back at the close.. .to wrap up the week.