Monday 25 August 2014

2pm update - afternoon tedium

Equities are seeing continued micro chop around the giant sp'2000 threshold. Meanwhile, the NYSE Comp' is back in the 11000s. There looks to be viable upside to the 11300s in September, which would likely equate to sp'2050.


NYSE Comp', daily


Summary

Whilst the market is somewhat dull (if sp'2000s could be called that)... I'll try to cover a few other things.

The 'master index' as I call it, is back in the 11000s...and look set to break a new historic high this week..or early next.

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notable strength...

CHK, weekly


Best case upside into early Autumn would remain the $30/32 zone.