Friday 27 December 2013

10am update - new day... new highs

The main indexes break to new highs, with sp'1840s and Dow 16500s. There is a touch of weakness out there though, and mixed chop seems likely today. The momo stocks are looking especially weak, with TWTR and FB both lower. Metals are vainly trying to bounce into year end.


Dow, daily



TWTR, daily


Summary

Hmm, hopefully...at least today won't be boring.

Regardless of any minor falls in the immediate term...broader trend looks exceptionally strong into first half of January.
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*notable strength: DRYS, RIG.