Thursday 30 January 2014

1pm update - making a play for the 1800s

The bull maniacs are pushing hard to re-take the sp'1800s. However, as a fair few recognise, there are multiple aspects of resistance in the low 1800s. We'll surely get stuck..no higher than the 1810/15 zone. Metals remain weak, Gold -$26, whilst Oil is holding gains of 1.1%


sp'60min


Summary

Not much to add.

It really is just a case of sitting back, and letting the bulls push this higher..probably at least into the Friday close.

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Notable movers...

FB +15%, TWTR +8%
GDX -2.4%, UGAZ, -17%