Tuesday, 10 June 2014

Closing Brief

US equities saw very minor weak chop across the day, sp -0.4pts @ 1950. Near term outlook remains broadly bullish, and the sp'1960s are just about viable by this Thursday. Market will be gradually shifting its attention to next weeks FOMC of June'18, when QE taper'5 will be announced.


sp'weekly8b


Summary

*yesterdays chart will suffice, right? Who will notice its a day old anyway?
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So..a day of very minor chop, although there were certainly some notable gainers..and losers.

On the down side...coal miners, BTU, -1.5%, King Obama's 'war on coal' continues to great success - at least in term of stock prices for the coal sector.

Notable strength in the momo arena, FB +4%, with TWTR +2% or so.


As for the usual post-trading day updates....err..no.

If stockcharts manages to reboot before I sleep, I'll post a single late evening post...other than that.....

back at the Wednesday open.

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*I hold moderately LONG overnight, via WFM, seeking an exit in the 43/44s, which does seem viable later this week.