sp'60min
Summary
There are multiple aspects of resistance in the 1850/70s... not least declining trend, which at the close of today will be 1872.
Equity bulls should be frankly content with any weekly close in the 1850/60s... and that should keep open the door for a brief foray into the 1900s before month end.
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Overnight action
Japan: -4.8% @ 14952... lousy end to the week, but looks vulnerable to a rebound... if China bounce next week.
Germany: currently +1.7% @ 8902.
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notable stock...
Boeing (BA)
Seen on the giant monthly cycle, this stock has already seen a 50% retrace of the gains from 2011. Ugly outlook...to the mid 70s.
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*awaiting retail sales data.... and a few other things...
8.58am.. Retail sales, +0.2% m/m reasonable.
sp +23pts... 1852.
Meanwhile.. DB says it will buy back some of its debt... stock is +9% in the $16s. Clearly... its all fine now, right?