Friday 29 November 2013

11am update - AAPL pushing higher

Whilst the main indexes hold moderate gains, one of the more notable movers remains AAPL, which is now in the $550s. A weekly close in the 550s will keep the door open to 575/580 in the very near term. Metals holding gains, Gold +$15, with Oil similarly higher, +1.3%


AAPL, daily


Summary

Little to say about the indexes..they are just breaking new highs..what else is new?
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With stocks like AAPL set for a further 4-6% higher in the very near term..the broader market will similarly likely continue to battle upward.

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Facebook, a further $1 higher will arguably negate any hope of major downside.


For the FB /momo bears..it is not looking exactly good this morning.