sp'60min
Summary
*awaiting housing data at 9am, and another pair of data points at 10am
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So...another day, and it looks like we'll open with some minor mixed chop. Considering the QE, I'd guess we do achieve a daily close >sp'1850 today.
There is simply no downside pressure right now...and weekly charts are most certainly offering much higher levels in March.
early mover: TSLA, +7% @ $233 (I've no idea why..yet)
HD +2.6%, on better than expected earnings.
UGAZ..starting to slide again..-4.5%
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Video update from Mr C.
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stay tuned
8.56am Futures turning positive, ahead of the housing data.
9.37am.. mixed open chop....hourly MACD cycle arguably flooring no later than 11am.
With QE today, bears getting opportunity to exit (although who exactly was shorting at 1858 anyway?).
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9.45am.. seen this type of price action a thousand times..and it rarely works out for the bears.
Momo stocks all looking crazy strong..not least the TSLA.