Wednesday, 15 April 2015

10am update - opening gains

US equities are battling higher, with a new cycle high of sp'2108... a mere 11pts (0.6%) from breaking a new historic high. Metals are choppy, Gold +$1. Oil is building sig' gains of 1.3%, but will remain vulnerable at least until the EIA report is out of the way.



So... we're seeing upside follow through, and bears look toast for rest of the week.

There is a fair bit of ECB chatter this morning... not least due to the 'drama'.

notable strength: INTC

A clear break above declining trend/resistance.. the door is open to initial target of the $35s.

*I bailed on INTC at the open... but remain long term bullish on the stock. Will consider getting involved another day.