Rough start to the week

For those equity bears getting overly excited at the opening declines this morning, the daily close probably makes for one of the most annoying Monday's so far this year. The broader weekly trend remains to the upside, with the sp'1900s likely by late Thursday.


sp'weekly8b

Summary

*I should note that in early morning, the weekly 'rainbow' candle did briefly flip to blue..but with the reversal..we are back to the fourth consecutive green/bullish candle.
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Looking ahead

There really isn't much of note tomorrow. Market will have a prime opportunity to melt higher, although it will of course remain susceptible to any sporadic negative news from the Ukraine.

*next sig' QE-pomo is not until Friday.
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Some doom chatter from Hunter..with Casey



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Update from Gordon T Long - from late March, but only just publicly listed.



This video covers the Petro-dollar, and Nat'gas/Oil prices. For the macro-economists out there, it is pretty interesting
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I am trying... still

Yours truly had a difficult day, not even the sunshine helped. I anxiously await earnings (due Wednesday) in CHK and RIG. Problem is..as ever, even if the numbers are good, perhaps Mr Market will trash the stock anyway - as it did to Seagate (STX) last week.

I could do with at least two good days this week. I'm getting real tired of this again, and I ain't even short anything!

Goodnight from London