Tuesday 31 July 2012

2pm update - still relatively quiet

A brief print under 1380 of 1379.80, maybe that was the low of the day. In the bigger picture, its all noise of course. Besides, tomorrow is a fed day, who wants to take new positions ahead of what those crazy printing maniacs might do?

A close under 1380 would be a small prize for the bears, but it sure isn't much considering we were in the 1330s last Tuesday.


Sp'60min, rainbow


sp'daily5


Summary

A flat close, a touch above 1380 looks most likely.

MACD cycle on the daily still cruising higher...doesn't look like we'll get a fourth smaller tower after all.

Q. Whats up with AAPL today? +2.6%, $15 to 610..  algo-bots chasing the momo stocks again?