1pm update - probable... latter day recovery

If there is one thing we've seen over the past few years, it is the typical 'latter day recovery'. With a typical floor in late morning, the market often will rally all the way into the close...to the dismay of the bears. Today, the equity bulls should be fighting for a close in the sp'1870s.


sp'60min

Summary

*notable weakness in Oil, -2.0%, whilst Metals are holding gains, Gold +$21
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Interesting afternoon ahead
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A story that caught my eye...

Missing Malaysia Airline 

see video...from Mr Still



Certainly..if it did not crash, then it is a hijack, in the style of the Ethiopian one a few weeks ago.
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1.02pm.. PLUG has lost most of the bounce....from 17% to just +4%...a red close...why not?


1.20pm.. chop chop...bulls just need to clear the hourly 10MA @ 1867..still plenty of time, and the MACD cycle sure looks floored after 4 days of slight weakness.