Thursday 19 December 2013

3pm update - closing hour gains

The smaller 15/60min index cycles look very bullish into Friday, with a weekly close in the sp'1820s. Metals remain very weak, Gold -$23. VIX is flat. There remains simply no reason for equity bears to have any interest in this market for some weeks..if not 4-5 months.


sp'15min


Summary

Suffice to say...market looks fine.

Huge underlying upward pressure...and the QE is no doubt helping to negate what little sell side there is.
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Notable weakness: TSLA, -5%,

Strength: BTU +3%.