Monday, 19 May 2014

2pm update - holding moderate gains

US indexes continue to hold moderate gains, with the Nasdaq Comp' very close to breaking above descending resistance. Tuesday looks set for further gains, with another 1.5-2.0% of upside viable for most indexes. Metals continue to slide, with Silver turning red.


Nasdaq, daily


Summary

Little to add.

Two hours to go...I think the equity bulls should be very content with today's gains..which set up a breakout for the Nasdaq/R2K tomorrow...along with sp'1895 or so.
--