Wednesday, 22 April 2015

1pm update - battling higher

US equities continue to slowly battle higher, with the sp +6pts @ 2104. A key break above resistance of 2111 looks more viable tomorrow. Metals remain very weak, Gold -$14. Oil is seeing minor chop, +0.3%.



Little to add.

Market looks set for a net daily gain.

Once 2111 is broken over.. the upward trend should accelerate a little as a wheel barrow of short-stops will get hit. The 2130s are viable in the immediate term.

notable strength: TSLA, +5.2%...  having a clear break of trend.

The $240/60 zone looks viable within a few weeks.