sp'60min
Summary
*awaiting jobs and retail data.
--
Looks like we have chance of a key turn this morning... with the sp'2050s.. that should lead to a daily close above the 50dma.. more likely tomorrow though.
A break >2060 will open up 2070/80s by late tomorrow or Monday... ahead of next Wednesday's FOMC.
The real issue is whether we'll then put in a lower high (<2119)... or keep on pushing.
Right now.... difficult to say... but first.... we look to at least see 2070/80s.
--
Have a good Thursday
8.31am retail sales -0.6%..... a rather big miss.
weekly jobless claims 289k... pretty good.. for that number is.
Equity indexes climb a little more.. sp +8pts... 2048.
8.43am sp +9pts... we're borderline breaking the 2050 resistance..... bulls are making a break for it!
9.07am INTC lowers guidance.... partly due to currency issues... -3% or so.... stock has seen a fair few swings lately! Broadly though... its unquestionably good company.
yours... via INTC cpu.
-
9.35am... rally underway.... bears had so many opportunities to close out...
Now its a case of whether we close over the 50dma (2060)... today.. or tomorrow.