Friday, 10 April 2015

10am update - opening chop

US equities open a little higher, with the sp'500 battling for the big 2100 threshold. Metals are building gains, Gold +$14. Oil is holding sig' gains of 1.4%, but looks vulnerable across the day. There are notable gains in GE of 8.4% as Mr Market reacts to the latest share buyback announcement.


sp'60min


Summary

*I'm keeping an eye on Oil... but have no interest in getting involved at this level.
--

So.. we're a little higher.. with some minor chop.

Fed official K' is talking this lunchtime... would not be surprising if the market is 'inspired' on more easing talk.
--

Notable strength: GE +8%...

monthly, 20yr


Next target is the 2007 high of $32.14.. and then $41.42 of Aug'2000. Considering the giant share buyback program into 2018... why would GE not climb to the big $50 threshold? Or maybe you'd like to buy a US 10yr instead?