Monday, 28 October 2013

10am update - awaiting some algo-bot melt

The market opens somewhat muted, but we have already broken into the sp'1760s. There is little reason why we can't close in the 1760s today, and push into the 1770s by Wednesday. Certainly, we're over-stretched, but with near zero sell side volume, equity bulls are in control.




*I've added a weekly chart, if only to note the upper bollinger, now offering the 1770s.

At current upward rate, sp'1800s will be 'difficult' until mid November, but hey, that's only 3 weeks out.

APPL earnings at the close, so...a long day ahead.