sp'daily5
Summary
Well, congrats to Germany. No doubt they will be in party mood for much of this week. With the world cup concluded, we can get back to normal.. if there is such a thing in this twisted market.
So.. we're set to open up a fair bit, and it has bemused me how many have been so bearish lately. Oh well, I guess the sp'2000s will shut a few more of the doomers up, and the 2100s would really grind some more into dust.
Weekly cycle will be offering the 2000s from today onward, but the daily charts will be restrictive to the 1990s this week.
My best guess, we close the week, somewhere in the 1985/90 zone. The 2000s look more likely next week.
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Video update from Oscar
So.. a week away from the market for Oscar. I'm sure a few of you will be glad to hear it. Again, it is notable that Mr Permabull is seeking the 2100s, and in the scheme of things, we're only talking about a further 6-7% higher.
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Notable early weakness: the miners, GDX, -2.4%, as Gold is now -$25.. and frankly, I don't know why. Metals anticipating the Yellen this Tue/Wed?
Good wishes for the week ahead