Tuesday, 14 April 2015

2pm update - minor gains

US equity indexes are holding minor gains, with the sp' +2pts @ 2095, a daily close in the 2100s still looks very viable. Metals remain weak, Gold -$6. Oil is holding sig' gains of 2.6%.. ahead of the next set of inventory reports.



Little to add.

It remains a broadly strong market, one that looks set for new historic highs in the days ahead.

Underlying hourly MACD (blue bar histogram) cycle is due to go positive tomorrow.. offering the 2110s.

notable weakness, INTC, -0.7%.. ahead of earnings, due at the close..

...a jump into the $33s remains a valid target.. and I will be holding long overnight.