Friday 13 June 2014

Pre-Market Brief

Good morning. Futures are flat, we're set to open at sp'1930. With the market having slid from 1955 to 1925, the bears have seen their first minor fall in a few weeks. Can the bulls push higher into the weekend, somewhat importantly.. back into the 1940s? Probably.


sp'60min


Summary

So, we've seen a decline, and even if we see some chop today....I've little doubt we'll rally again in the first half of next week. Price action simply doesn't the bears.

Importantly, I'd like to see a weekly close in the 1940s, since it would keep the 'rainbow' chart cycle on outright bullish (green).

sp'weekly8b


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*notable strength: INTC, +6.6% @ $29.80s, on an improved outlook.
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Video update from Mr Permabull



The sp'2100s... hmm, I still have the hope that will not be until after a sig' 2-4 month decline, and then a final giant ramp in 2015.
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Todays' games..

12pm EST:  Mexico vs Cameroon
3pm EST: Spain vs Netherlands
6pm EST: Chile vs Australia

Now..that should be enough to keep all the traders busy today.

Good wishes for Friday..the 13th.
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9.06am... PCLN buys OPEN... ...OPEN +48% in the $104s.....