Tuesday 15 January 2013

1pm update - still stuck

Yet another micro-rally brings the market right back to evens, and a mere 5pts from breaking the mid-Sept high of 1474. There are notable declines still in AAPL, with the precious metals showing some strength, despite a moderately higher dollar.


sp'daily5



AAPL, daily



GLD, daily


Summary

Overall, its still pretty dull out there.

Bears lack any momentum/power, and this is now day'10 of what is a very tight trading range.
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I'm still seeking a retracement, but with each day, even the1440s are looking increasingly difficult.
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back at 3pm