Wednesday, 4 February 2015

10am update - opening minor weakness

US equities open lower, but after the recent two day up swing of 70pts, even an intra drop of 10/15pts is almost irrelevant. Market looks set to make a play to break above key resistance @ sp'2064 by the Friday close. Metals are bouncing, Gold +$5, whilst Oil is cooling, -3.3%


sp'60min


Summary

I realise some will be tempted to launch a re-short after what has been a rather severe up wave from the Monday low of sp'1980.. but really... it seems pointless.

Market looks set to break 2064.. which will open up new historic highs.

--
Notable strength... DIS, 5.5%, making a play for the giant $100 threshold (even ahead of my time line)


Bullish Ultron and Sith