Friday, 28 March 2014

11am update - market burning the bears

A sixth day where the bears get burnt in the morning, with sp' in the mid 1860s..barely 1% from the historic high. The sand line is clear for both sides. Equity bulls should be seeking a close >1866 for a net weekly gain. Metals have reversed, Gold +$2



Little to add, on what remains just another day, much like the previous five.

Barring a break >1883, bulls have nothing to tout.

Right now, I'd only be concerned on a weekly close >1866

Still.......long day ahead.

11.24am Getting stuck in the mid 1860s.     If we can at least hold <1870 until 2pm...then a close in the 1850s..viable.