Thursday 14 November 2013

2pm update - no sellers... but few buyers

The market looks over-cooked in the upper sp'1780s, churn into the close seems likely. Metals look like an initial rollover is in progress, with Gold +$9, after +$20. Equity bears don't really have any significant hope for a few weeks.


sp'60min


Summary

*notable strength in AMZN and TWTR. Neither make any money..so..at least the market is consistent at times.

AMZN, daily


TWTR


*gods help me, and yes, I recognise the irony, yours truly has a Twitter account. Follow me..if you dare.
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2.33pm..sp'1789..urghh..market making another play to take and hold the 1790s..for the close. A weekly close will be damn hard tomorrow, but hell, why would anyone dare short it?