Monday 14 July 2014

11am update - battling higher

US equities are slowly building upon opening gains, with the sp'500 a mere 0.3% from breaking a new high. We already have new historic highs in the Dow/Trans, and so long as Yellen doesn't say anything stupid across Tue/Wednesday, the 1990s are viable.


sp'60min


Summary

*yes, the R2K slipped lower..but even that is rebounding now.

There is ZERO reason why this market won't be pushing higher across this week.
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Notable strength in all the momo stocks, with FB +2.3%