sp'60min
Summary
*lots of econ-data this morning...should give mr market an excuse to pick a direction..and keep going all day.
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So..we're set to open a bit higher, certainly...no giant gap.
Just look at the MACD (blue bar histogram) on the hourly chart. We could easily battle upward for the entire day, and that will be easily enough to get us into the sp'1800s again.
Equity bears should be VERY concerned that new highs are possible tomorrow, if the market decides it likes the jobs data.
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There are a lot of interesting movers in pre-market..
AAPL +$8 @ 573. - now brushing the upper channel on the daily..and a mere $7 from my end year target zone of 580/600.
FB -1.7% - will be interesting to see if the buyers come in again, and turn it positive.
GDX -1.6% - no doubt pressured by falling metal prices again.
TSLA +1.5%, but really, that could reverse to the downside at any point, regardless of main market
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Video update from Mr C.
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updates across the day!
8.35am... we're back to the good news is bad news situation.
GDP Q3 ... 3.6%...highest since spring 2012.
Weekly jobless 298k...
Market selling a little lower...along with metals.