Thursday, 28 August 2014

11am update - was that it?

Equities have apparently already floored at sp'1990.. which is another rather pitiful performance from the bears. The broader trend remains strongly to the upside. Metals are holding moderate gains, Gold +$6, whilst Oil is +0.7%


sp'daily5


Summary

Little to add..., and with GDP out of the way, there is zero reason why price action won't remain largely flat for the remainder of the week/month.

We're at the typical morning turn time of 11am...and that probably is it for the bears.
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notable strength: TWTR +3.4% @ $49.60s... a break >50 will open up 58/60.