Friday 4 December 2015

1pm update - Draghi is meddling again

US equities are building further gains as Draghi is talking again. Price structure was a baby bull flag.. already broken above, into the sp'2080s. First target remains 2115/20.. via the surprising detour of 2042. Oil remains notably weak, -2.9% around the $40 threshold.


sp'60min



Trans, daily



Summary

* the 'old leader' - Trans, is still broadly struggling...  first target remains the 200dma.
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So.. Draghi is now trying to cool the Euro, and assure the market he has all the tools.

Now the unthinkable has to be asked...

Net weekly gains?  aka >2090s.

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meanwhile... during the lunch time hour... I was quite stunned to see...

CNBC live footage of an NBC reporter sifting through the apartment of the San Bernadino assailants.


ISIS Christmas gifts... the horror!

Seriously... WTF ? A media hack on live TV... just going through boxes, and then presenting it to viewers.

For the conspiratorial minded out there... its one hell of an example of the link between the mainstream media and Government.

Lesson of the day, if you 'Play nice', and present the govt' view..  you too can tag along with agents of law enforcement, and rummage in other people's homes.
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stay tuned