Tuesday, 29 April 2014

11am update - go stare at this for an hour

Equity bears would do well to spend the next hour taking a look at the monthly cycle for the sp'500. Despite all the bearish hysteria this month, we currently look set to close April with minor gains. Price momentum is itself still weakening, but..primary trend remains... UP!



*Tuesday is indeed proving once again to be a difficult day for yours truly. I am tired.

The one solace...I've 5 long positions...all are green this morning. What a twisted world it is when even yours truly is meddling on the dark side.

Notable strength: CHK, SDRL,  ohh yeah, I've both of those. ;)
back at 12pm