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| Finally... the future is the present |
sp'weekly1b
Summary
So... we're set to open a little higher, as the underlying momentum increasingly swings back toward the equity bulls.
The market only has to ride through the next ECB and FOMC announcements... and if any daily closes in the 2070s... it will be a straight run into the 2100s.
*notable early weakness: oil, -1.4%.. ahead of the latest EIA report.
TWTR, -5.0% in the $29s.
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Doomer chart, Hunter with Merk
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Overnight Asia action
Japan: +1.9% @ 18554
China: hit a new cycle high of 3447, but cooled rapidly in the afternoon session, settling -3.1% @ 3320. This should be somewhat concerning to the bulls... who need to re-take 3400 again this week.
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Embrace today... its all we got.