Friday 9 May 2014

1pm update - R2K and Nasdaq pushing hard

Despite morning weakness, the broader market is holding together, and we now have the R2K and Nasdaq making yet another play to break out to the upside. There is a very viable 4-5% of upside across the next 2-3 weeks. Metals are starting to slip..as the broader market rallies, Gold -$1


R2K, daily


Nasdaq, daily


Summary

Suffice to say..equity bears remain powerless, but..that has been the case for some...........years.
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time for a walk..