sp'60min
Summary
We have a fair few bits of data today, along with two fed officials this morning. This afternoon the market will have eyes on the latest Fed beige book.. which will likely turn attention to Q1 GDP.... due Apr'29th.
Market looks set for new historic highs in the near term, and it would seem a reasonable target for June is the monthly upper bollinger.... somewhere in the 2170/80s.. or so.
--
notable early strength: INTC +3% in the $32.50s
Daily
The break above the declining trend/resistance of $32 is pretty significant. A climb towards $35... if not the low 40s by June looks underway.
*I am long INTC from Monday.... as an earnings play, I will look to drop early this morning, but am most certainly broadly bullish the stock across the longer term.
Have a good Wednesday!
-
9.34am.. EXITED INTC-long... from $32.35.... not as good as I was looking for.. but it'll do.
*opening black-fail candle on INTC.... I may have just exited at the top.