Tuesday, 27 May 2014

11am update - gains holding

US indexes are comfortably holding the opening gains, with new historic highs for the Dow, SP, and Trans. R2K is showing significant strength, +1.5%. Precious metals have decisively broken, Gold -$25, with GLD losing the 122s....next support...115.

R2K, daily


*I'm tired..so..if I dissapear today...you know why.

Ohh, and yeah, if I'm not writing, I will pull everything offline..thats just how it is.

The 4 spike floors which I was droning about across the last week or so..well, they sure played out as good warnings of a cyclical floor.

Primary upside target remains 1170/80..and we're only 2-3% away...seems a given next week.