Tuesday, 26 February 2013

11am update - shaky market

The Bernanke questioning is underway, and the market is looking weak again. Despite good econ-data..the opening gains are failing, and we could easily see red indexes into the afternoon. It remains a tricky market though for bears..the 'bigger move'..is likely already been and gone.


sp'60min






sp'daily5



Summary

I'm sitting back...going to wait and see how this pans out into tomorrow.

Going Long..in the 1480/75 area....that's what I'm looking for, early Wednesday
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*metals got whacked earlier, but they are back to green again. Its a bit of a war zone today.

Keep ya flak jacket on!