UUP, daily
sp'60min
Summary
Sure is a pretty dull start to the week in equities.
Underlying MACD (blue bar histogram) hourly cycle is set for a bearish cross, but there just doesn't seem any downside power right now. More likely, its just a case of churning sideways before the next up wave.
The fact we've already seen a new high in the Dow bodes in favour of the bulls.
*I'm aware some are seeking the sp'2040s within the next few weeks, but that simple doesn't look viable. Bears saw a sig' wave lower last week to 2085.. and we saw what happened from there.
-
notable strength: DISCA +2.1%.. although broader trend sure isn't so pretty.
weakness, BABA -2.0%... no one seems interested in picking that up today.
11.13am.. I had wondered why I was seeing a truck load of trades flying through on AAPL....
Icahn has been talking...
$240... and it remains a valid target.. relative to the broader market.
Or perhaps you'd like a neg' yield EU bond?
-
11.34am.. minor short-stop cascade underway...
New historic highs.. Dow.. sp'500....