Friday, 25 October 2013

2pm update - more nothing

The main indexes are flat lining into the weekend, with the sp' comfortably holding the 1750s. The daily, weekly, monthly cycles remain outright bullish, and there is literally nothing in the bears favour right now. Metals are building small gains after minor opening declines, Gold +$6




I suppose some are having a rough day, especially those who were bravely (or stupidly) shorting AMZN ahead of earnings.

AAPL is doing broadly okay, $600 is viable by year end, if the main market holds together, and climbs into the mid sp'1800s.

Hey, at least it makes a profit, unlike AMZN.