Friday, 4 March 2016

11am update - it remains sunny for the bull maniacs

After some moderate swings, US equities are a little higher. The only issue for today is whether we'll see a weekly close a little above... or a little below the sp'2K threshold. Considering the bigger weekly cycles, it will more likely be the latter.



*note the MACD (blue bar histogram) cycle, set for a bullish cross at next Monday's open.

Little to add.

With the jobs data out of the way, the bulls have an open window into late Wednesday... with Draghi/ECB on Thursday.

Here in London city...

Very reasonable indeed :)

*bonus chart*..

GLD, daily

Gold is again threatening a reversal... and it is sure due a retrace.

time to cook