Friday, 12 February 2016

1pm update - still awake?

US equities are comfortably holding rather significant gains, with the sp'500 naturally initially stuck at declining resistance of 1859/61.. that stretches back to the 1947 high. The market looks set to jump higher next Tuesday into the 1880/90s.. with 1900s by end of next week.




As for staying awake.. well, understandably.. things are quietening down out there.. as most are now seemingly resigned to net daily gains... ahead of the long weekend.

notable strength... BAC, daily

A bounce is clearly underway...  but anything above $14 looks out of range. Broader downside to the psy' level of $10.00 looks extremely probable. Its pretty incredible to reflect upon that this was a stock that tried for some years to break/hold $18... but never could.

Low/zero rates are not helping.

back at 2pm