sp'60min
sp'daily5
Summary
Day'3 up in this cycle, and there is very little to suggest tomorrow will be any different. Considering its opex this Friday though, sideways chop seems more likely, than a break to new index highs.
Many out there seem resigned that there will be no index falls - certainly below the recent sp'1427 low, until after the election. I would tend to agree, except that we have Q3 GDP data next week, which if it comes in <0.5%, I would find it almost impossible to imagine that even this twisted market would be able to ignore it.
After watching last nights 'debate' (although I find it hard to use that word for such a clown-esque event), it is remarkable to realise that some will be buying stocks on the basis of either a Romney or Obama victory.
Time for lunch!
back at 2pm