sp'60min
Summary
So... a little lower to start the week, but it would seem the market is going to need some further 'spooky' Greek news to knock things far lower.
On balance, it'd just seem a case of whether later today... or early tomorrow, for the next bad news to cross the news wires. I sure don't see sp'2060/70s in the immediate term.
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Notable weakness, TSLA -1.4%... ahead of Wed' earnings
I'm suspicious of 250/260 being hit on earnings this Wed'. Clearly though, the 200dma around $228 needs to be broken first.. before any hyper-gains are viable.
Airlines are weak, UAL -4.9%... as Oil holds above the $50 threshold. Much like the precious metals, I don't see $43 as a key low, not least with the USD likely to continue climbing in the months ahead.
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10.18am... SHORT SLV from 16.35.
Its more of a tactical position, that my usual 3-5 day swing trade. In any case.. its met my buying target... I'll take it.
Now.. I really will be getting back to bed....
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back at 12pm... or 'sometime later'