Thursday, 25 February 2016

10am update - opening shaky gains

US equities open moderately higher to sp'1939, but most indexes are looking vulnerable to turning negative.. if briefly. The 50dma is at 1945, and looks set to be closed above within the near term, and that will open the door to a run to the 2000/2020 zone.




Equity bears should be mindful of getting overly excited at opening gains which are initially fading.

Broadly.. having seen a powerful reversal yesterday... the trend remains rather bullish into next week.

notable opening reversal...

TSLA, daily

Battling to clear resistance of $180. If you consider sp'2K.. then TSLA will break through.. and proceed to around $200 by mid March.

stay tuned