Monday 24 February 2014

10am update - making a play for new highs

US indexes open moderately higher, and we're on the edge of breaking new historic territory for the sp'500. Metals are continuing to climb, Gold +$8. VIX is -3%, and seemingly about to lose the 14s.


sp'60min


sp'weekly8


Summary

*note the lower weekly bol', now in the 1740s...and by end March, we'll have a key support floor of 1800.
--

..standing by for 1850..and beyond.

Simply put, there just doesn't seem to be ANY downside power right now.

**
9.54am.. NEW historic intraday high on the sp'500
**

So..new highs..and chart weekly'8 is STILL on track.  Another few green candles..and then the big turn.

patience....;)
-

10.10am.. big swing in UGAZ, from +7% in pre-market to -8% right now. Hmm