Wednesday 23 April 2014

12pm update - afternoon melt

US indexes look prone to melting somewhat to the upside this afternoon, not least helped by a few billion dollars of QE fuel. Equity bears look shut out until at least next Wednesday - FOMC, taper'4 day. Until then, bulls have a fair chance of pushing into the low 1900s.


sp'60min


Summary

Suffice to say, I'm content with how today is going. Ford remains an interesting one to watch, and it did briefly break above the 200 dma this morning. Earnings are Friday morning I believe.
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VIX update from Mr T



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time for lunch