Thursday 18 April 2013

1pm update - upside into the close

Mr Market still looks like it did a major fake out earlier this morning. General upside into Friday opex seems likely, with sp'1570s, and VIX back in the 14/13s. With the USD moderately lower, precious metals and Oil are starting to build gains again.


sp'15min


Summary

Bulls should look for a close >1555, which should see a futher snap higher. We could even close in the low 1560s..which no doubt would see many bears dismayed.

*I am tired..back in an hour...or two.
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