Wednesday, 25 November 2015

2pm update - rising support

As of the Friday open, equity bulls should be at least holding the sp'2085/80 zone. Broadly price pressure remains bullish, and the 2100s remain due. USD has cooled from earlier highs, now just +0.2% in the DXY 99.70s. Oil has recovered to -0.5%. Gold remains weak, -$4 @ $1070.


sp'60min


Summary

The nano chop continues.

A touch of weakness early Friday is viable....  but that in itself will merely offer another level to buy at.

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A curious stock remains...

BAC, daily2


I've still yet to pick up BAC, having watched for the entire year. Key threshold remains $18. A monthly close above that.. and its a straight run into the 21/23 zone by summer 2016.

Hmm, what do you think?