sp'daily5
Summary
*not exactly the most exciting of opens, and the gains have already faded. Yet...as ever..there is very little downside power. Barring a break <1840, bears have absolutely nothing to look forward to.
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The mainstream have been getting increasingly twitchy that the sp'500 has not yet made a closing high in the 1850s. Equity bulls really should be seeking a daily close >1850 either today or tomorrow. There is heavy QE tomorrow, so the opportunity is there.
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Notable movers:
Dreamworks (DWA): -12%, on lousy results, but then, the Q3 results weren't much good either.
see key stats @ yahoo! finance
I'm kinda surprised the company only has a market cap of $3bn of so. Regardless, it ain't doing so well.
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First Solar (FSLR) -10%. I'm a fan of solar power, but this stock is more over-hyper unstable nonsense.
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10.15am.. a bit of a choppy mess, but the housing data has given the market a slight kick to the upside.
Hourly MACD cycles look lousy for the bears. A daily close in the 1850s...very probable.
Notable discrepancy..to the indexes... VIX +4%... hmm