sp'daily5
Nasdaq comp', daily
Summary
*Nasdaq looks on track to at least test the 4900 threshold. I realise will then tout 5K.. and new historic highs, but considering 'everything'.. the latter looks extremely difficult.
--
Oil continues to be a primary driver for the equity market, and it should be clear that last week's break above the $40 threshold, offers further upside to the 43/44s.. which IS viable tomorrow.
Of course, the underlying issue of over-supply remains entirely unresolved, and I remain of the view that $26.05 was not a key multi-year low.
--
As for equities, daily upper bollinger is now in the 2070s, so.. the window is open to further upside.
--
Here in London city...
To the east.. an almost full moon, with a Lunar eclipse tomorrow.
Summer is coming, and it won't be dull.
--
back at the close