sp'60min
Summary
A relatively quiet start to the week. Weak bulls have been washed out, and now its just a case of seeing whether the QE fuel is enough to outweigh the slight selling.
Based on the past few years....the answer is probably yes.
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AAPL remains stock of the day..now holding gains of 5% again, and if the main market rallies across the rest of this week, then the $520s will be comfortably hit.
updates into the close
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3.13pm.. for those watching the daily charts..it looks like we have a classic bounce off the 10MA
The two leaders - Trans/R2K, both look much the same...
3.32pm... back to the sp'1700 threshold. Well, bears can tout all they like about 'ohh, here we go', but the main indexes are only moderately lower. Same old nonsense, and no doubt the usual ones will be top calling in their closing day posts.
3.44pm.. a nano whipsaw from sp'1700 to 1703..and now a close over 1705 is viable. For those holding short overnight, I'd be...concerned.