Tuesday 29 October 2013

10am update - another set of new highs

Good morning. A mere 30 mins into another day..and many indexes are already breaking new highs. Metals are a touch lower, whilst Oil is -0.5%. Equity bulls will likely struggle more today than Monday, with a lack of a QE, and increasing selling into historic price levels.


sp'60min



sp'daily5


Summary

*interesting open in AAPL, which rather than open -$20 - as occurred in AH last evening, AAPL, actually opened $5 higher.
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No doubt..more will be calling tops this morning. Idiots. But hey..at least they're consistent in being wrong....and their willful denial.
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QE continues in full...as will be surely be confirmed by the FOMC tomorrow.  Weekly charts now offering the mid 1770s in the immediate term.

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AAPL, daily


Price formation is an F' flag...bullish. Opening black candle is somewhat bearish, but that is still a strong reversal from yesterday evening lows. Target remains 540/50s
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Eyes on TSLA, looks about to break into the $150s, which is decisive enough to then call for $110/100 in the near term.


10.13am... TSLA breaks $160...



target is $110/100, within a few weeks.