Thursday 3 April 2014

10am update - opening minor gains

For the tenth day running (I think), the market opens to the upside. The Dow has finally broken above the Dec'31st high of 16588, and the 17000s look likely in May. Metals are moderately lower, Gold -$5. Despite the index gains, VIX is a little higher, but still..in the low 13s.


sp'daily5


Dow, weekly


Summary

*the bigger weekly chart should be a sobering image for the bears. Despite getting stuck in the 16500s,
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So..Dow 16600s, and really, no one should be in doubt now at the recent break higher.

If we do get a retrace, I might jump aboard, otherwise, I'm content to sit on the sidelines, and at least not get nailed on the short side.
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Notable weakness: TWTR, -1.4%, looking headed for 40/38


10.28am.. ohh the humanity, the sp' might lose the 1890s!   VIX turns green