sp'60min
Summary
This remains no market to be short... even Oil looks set for further upside into January.
Clearly, there are huge underlying economic issues, and it remains particularly amusing to see some in the mainstream question whether the recent Fed rate rise was a critical error.
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morning reversal: DIS, daily
Still.. DIS remains a really damaged stock, as the market remains concerned about ESPN. For the moment, the fact Star Wars VII is set to be the biggest movie of all time, the market just doesn't seem to care.
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Here in London city...
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| Shoppers on the move |
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| Blue skies.. green parks. |
A very reasonable late afternoon in the metropolis, as a fair few million are completing their Christmas shopping (bullish V and MA). Whilst there was a bit of a wild rainstorm a few hours earlier, it remains an exceptionally mild winter.. and that will certainly cause problems for those retailers trying to offload winter clothing.
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back at 12pm.. for the closing hour