sp'monthly
Summary
*most notable, upper bollinger on the big monthly, now offering the 1980s. However, weekly charts will be restrictive in May to the 1920/30s..at most (I estimate).
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**I picked up my 3 drilling stocks again, DO, RIG, and SDRL, will very likely hold into tomorrow, when I am seeking a more sig' push upward.
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Notable weakness: STX -3.8% in the $50.50s, I guess 'better than expected' earnings are just not good enough.
10.05am...minor weakness in the main market..we should get stuck around 1880/78. Could be a day of churn..before the next big move higher.
What is clear..there is NO power on the downside, and with FOMC and GDP out of the way, equity bulls have little to be concerned of..at least for another week or two.
Notable strength, momo stocks... FB, NFLX, TWTR..already building sig' gains.
10.26am.. market trying to bounce from 1878....
Much like the past few days..there just isn't much downside power.