Wednesday, 2 September 2015

3pm update - net daily gains

Regardless of the exact close, US equity indexes are set for net daily gains, with the VIX -10% in the 28s. Outlook remains bullish into next week.. with the psy' level of sp'2000 set to be re-taken. The only issue is where the market gets stuck... somewhere in the 2010/70 zone.




Little to add.

Despite continued concern from some that a retest of sp'1867 is due in the immediate term... I'm looking for further upside into the weekend... and beyond.

*I will hold long-AAPL overnight, seeking the 113/114s tomorrow.

back at the close.