Monday, 27 April 2015

10am update - opening gains

US equities start the week on a moderately positive note, with a new historic high of sp'2125. The Nasdaq comp' has already hit 5108, a mere 26pts (0.5%) from breaking the bubble high of spring 2000. Metals are holding gains, Gold +$7. Oil is +0.4%



*there is notable strength in the EU markets...  the US markets are relatively lagging a little.

The underlying upward pressure continues, and it'd seem consensus is starting to believe no rate hikes this year. I shall hope that is not the case.

USD +0.1% @ DXY 97.01... renewed weakness looks due this week... and that will certainly help equities.. and Oil.

early gains... AAPL +2% in the $132s... the 140s look just about viable on earnings... due at the close of today.

TSLA +4.8 @ $229... having seen a major break of down trend last week.

Clear break of the 200dma... next upside target is $250/60.. looks pretty easy in May.