Wednesday, 22 January 2014

12pm update - market holding together

With almost $3bn of QE-pomo to help, the market is holding together, comfortably above the Tuesday low of sp'1832. Equity bulls should be able to push the market into the 1850s later today/early Thursday. Metals remain weak, Gold -$1, whilst Oil is significantly higher by 1.4%


USO, weekly


So, we're holding the sp'1840s...and the underlying strength is there for everyone to see. Are any of the bears still clamouring for sub 1800s ? Frankly I've no idea, I've stopped reading anywhere else for the past day or two.

*Oil sure looks on the verge of a major breakout. If USO can close in the 35s this week..or next, it bodes for $100 oil again...this spring. Market/economy should be able to cope with $110/ least for a while.

Strength: AAPL, TSLA, UAL.

FB seems to be merely cooling down for a day or two, but remains within an up trend.

time for tea :)

12.07pm.. live on CNBC, from the Davos conference, its none other than Japan's Abe, Mr 'I'll print my country out of all its problems'

I'd love to hear him talk about just how his country is going to manage with the population set to collapse from 120m to 75 million in the next 30/40 yrs.   Game over Japan.... game over. Its way too late for them to start having babies.