Friday, 22 March 2013

2pm update - market wants to close in the 1560s

With no scary Cypriot news (at least so far) today, the market is battling higher, and it looks like it has a fair chance of closing in the low 1560s, just a touch shy of the 1563 high. VIX remains a touch lower. Oil is a little higher, whilst the metals are still trying to build a floor.



Not much to add, except to note it sure doesn't look like the bears are going to be able to close this market red.

The sp'1570s will be viable next Mon/Tuesday.

AAPL is trying to close the week above key resistance

*I remain holding an SLV long position, might hold over the weekend...hourly charts offer significant upside into the 28.50s next week.