2pm update - afternoon chop

US equities are seeing minor chop, but still all net positive for the day. With further QE of around $1bn tomorrow, equity bulls could easily control the rest of the week/month. Metals are holding moderate gains, Gold +$8.


sp'60min

Summary

*LONG SDRL from $37.50.. seeking $40 within the near term
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SDRL, daily

I just need a break through the 50 day...should then get to $40. RIG and DO are similarly on the climb.
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So... sp'2001/02.. with 2010 viable tomorrow.

The only hope the equity bears have in the immediate term is GDP (due Thursday). A revision to the downside seems probable.. but a 3 day weekend is ahead..and that does not favour the bears.