sp'60min
Summary
*picked up a few positions, (I am in the mood)...
LONG, RIG
SHORT, SLV.
I will probably post something on RIG later this evening.
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As for the broader market, it remains a case that the equity bears have little downside power. I realise some are still seeking a retrace to the 1850s, but really, that looks difficult.
There is a sig' QE today, and with another two next Mon/Tuesday, bears face the usual problems.
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notable weakness: NFLX -2.5%, on news that AMZN has a deal with HBO.
10.03am.. minor weakness...I'd be surprised to see the 1860s.
10.09am.. LONG... FCX. , from $33.20s
..and that will suffice for me today. Now its the waiting game.
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10.36am... Notable strength in Ford (F), +1.1%. A break >16.50 would be bullish for May/June.