sp'daily5
Summary
I'm not expecting much from today.
There is no QE of significance, and Mr Market will probably just churn sideways ahead of Yellen talking to the US Congress tomorrow.
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Meanwhile, in Permabull land...
So..Mr C' now seems unsure, rather than yesterdays bearishness. I don't get it..is he not looking at the weekly charts, which remain outright bullish? Hell, any bull could go long, with a stop around the Monday low of sp'1866.
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Have a good Tuesday.
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9.08am.. So.. watching clown finance TV.. and I notice the TWTR is -7%...on the lockup ending.
Well, last week, with the floor busted, there was obvious 'open air' down to the IPO issue price of $26, which seems a given at some point this summer, not least if the main market does roll over.
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Indexes a touch weak, but really...a day of nothing looms.
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9.42am.. minor down wave....it is a buying zone!
Bears have no downside power...and besides, the Yellen is tomorrow...who wants to be short ahead of her?