Wednesday, 20 April 2016

1pm update - the Dow continues to lead

The mighty Dow continues to grind higher, dragging the rest of the market with it. There is nothing but open air to the May'2015 high of 18351. A break above that should initiate those with Dow 20K hats to bring them out of deep storage. Notable strength in Oil, +3.1% in the $43s... washing out another truck load of energy bears.


USO, daily2


*another crazy ass day in Oil, swinging from lows of around -2% to +3%... mostly based on more nonsense rumours.. already denied.

Suffice to add... despite an opening reversal... it has failed to hold...again.

For the moment, those touting sp'2116 are back on track, and we're only 0.5% away, well within range by early tomorrow.

notable strength: CNX, +7.3%.    I guess the US Govt's 'war on coal' has ended, yes?

time for some sun.