Wednesday, 13 November 2013

2pm update - new highs

The sp' breaks the recent 1775 high..and that should clarify that the 1730s are now out, and that 1760 is the new floor. A clear run to the low 1800s now looks viable. For the bears..this remains an arguably untradeable market...for another 4-6 months.



Well.. that as they that.


Perhaps maxing out early Dec...then end year profit taking? Even then, seems little point in getting involved on the short-side

Notable mover: UAL, having trouble, the higher Oil price today is not helping.