Friday, 29 November 2013

10am update - holiday highs

US equities break new historic highs, and there is simply nothing in the near term that looks to pose a problem to the current rally. Metals are holding gains, Gold +$13, whilst Oil is also 0.5% higher. VIX looks set to melt into the close..which is at 1pm.


GLD, daily


So..sp'1811s already. Weekly charts are offering 1715/20 early next week...and the 1840/60 zone will be viable in mid-December.

Continued strength in AAPL, a daily close in the 550s would be pretty important.

DRYS looking strong..with a clear break on the weekly...

First target is $4..then the 5/6s in early 2014.