Whilst the broader US equity market remains quiet, there is noticeable strength in two of the big names.. Tesla (TSLA) and Apple (AAPL), higher by 5.6% and 2.3% respectively. Notable weakness in Natural Gas, with the bullish (3x leveraged) ETN of UGAZ -10%.
TSLA, daily
AAPL, daily
Summary
TSLA has just broken a new historic high, breaking the Sept'30' high of 194.50. I'm frankly bemused at this. Oh well, earnings are due next week. Did they sell 3 cars in Q4, or 4 ?
--
it remains one of those days when the indexes are stuck in nano-chop mode. No doubt, the earlier QE is helping to negate what sell side there is out there.
-
So long as Yellen doesn't say anything stupid tomorrow morning, equity bulls should be fine, with long-stops in the 1775/70 zone.
A quiet afternoon ahead. Anyone who can stay awake...deserves a prize.