sp'60min
sp'weekly
Summary
After all the chatter across the last few weeks... the headline sp/dow indexes are set to break new historic highs.
A moderate net weekly gain looks due for all indexes.... except the Transports.
The sp'2135/45 zone is easily within range by end month, and frankly, there is little reason why the market won't keep clawing higher into at least the next FOMC of mid June.
As a fair few recognise, a tag of the upper bollinger on the giant monthly cycle - currently in the sp'2170s, would make for a far better re-short level.
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notable early movers...
NFLX +2.4%.. now in the $600s.... seemingly headed for the proverbial moon.
DE -1.8% @ $90.50, but it did achieve a bullish monthly close above the key $90 threshold in April.
LOCO -13%.. as the momo chasers worry about future growth
GMCR -5%.. post earnings depression
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Financial chatter from Mr H.. with guest 'appleinvestor'..
I don't follow the 'appleinvestor' guest, but I certainly agree with much of what he has to say on the metals. His downside targets are very close to mine.
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*awaiting a trio of econ-data this morning, today is OPEX of course, so expect increasing chop into the weekend.
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Have a good Friday