Monday, 18 June 2012

1pm update - sleepy afternoon

A quiet and sleepy afternoon likely lies ahead for this nasty algo-bot ridden market - baring some crazy Reuters rumour/s of course!



Bears can NOT expect any serious downside until AFTER the FOMC on Wednesday. Shorting at these level...and at this time, is probably not the best of ideas. Patience.

Notable stock of the far...

FB, daily

The bull maniacs are chasing it higher, I'd guess it will get stuck around 33/35. Max' upside would be a complete backtest of the original IPO $38 level. Mid-term target remains the teens.

Stay tuned!