Thursday 22 May 2014

3pm update - a second day for the bull maniacs

US equities look set to close higher for the second consecutive day, with a daily close somewhere in the sp'1890s. Further upside looks viable tomorrow, and with a new historic high on the Transports today, the equity bulls can start to look forward to June.


sp'daily5


Summary

*again, it is notable that the Transports is trading in new historic territory.
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There really isn't much to add. With a 3 day weekend ahead, market is relatively quiet, and as we're seeing, it is a case of low volume algo-bot melt.
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Meanwhile, in more important news...



Bears sure need to be rescued from today's gains.
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Notable weakness remains in the coal miners, BTU -2.7%


Recommended reading...latest from Armstrong
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Aside from that..there really isn't anything else to note.   Back at the close.
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3.42pm.. HPQ results...out early...

Market not happy....


Secretary/PR to be fired?