Monday, 13 April 2015

2pm update - moderate weakness

US equities are moderately weak, with the sp' having slipped from 2107 to 2095. Next soft support is the 2090/88 zone.. which should comfortably hold. Metals remain weak, Gold -$8. Oil has re-built gains of 1.1%.



Little to add.

Moderate weakness... nothing for the bears to get excited about.. and merely another entry-level for those wanting to go long into earnings.

notable weakness: GE -2.6%... cooling after the Friday hyper-gains

2.02pm.. Am long INTC.. from 31.80... not quite the level I wanted.. but its 'reasonable'.... now I wait for earnings... at the Tuesday close.