Monday, 16 November 2015

3pm update - no complaints

US equities have continued to battle upward, and look set for the first sig' net daily gains since Nov'2nd. Oil is unquestionably helping broader market sentiment, having swung from -1.6% to +1.9%... holding the key $40 threshold.. at least for today.


sp'60min



USO'daily2



Summary

Price target has been met.

Enough time has elapsed in this down wave.

Even if there is some weakness across Tue/Wed'... today's low of sp'2019 looks set to hold... with broad upside into the next FOMC.
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There can be no complaints today... equity bears had opportunity to exit at the open.. and bulls similarly had  ample opportunity to go long.
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notable strength: NFLX +6.2% @ $110s.... as Jessica Jones is on her way...



The entirety of season'1 will be released at 12am midnight.. this Friday.  For some.. it will make for one hell of a 13 hour movie.

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back at the close