Thursday 4 September 2014

11am update - sp'2010

US equities have broken new historic highs for the Dow, sp'500, and NYSE Comp'. With the ECB cutting rates, along with a bond buying program, most world indexes are somewhat relieved. USD continues to build gains, +0.86%




sp'daily5


Summary

First...see



Probably one of my top ten movie scenes from my childhood.... but more on that later.. perhaps.
--

Mr Market continues to climb.... and we've probably another 2% or so to go.

Equity bears need some patience.

I will look to short in FOMC/opex week...somewhere in the sp'2045/55 zone.
--


11.30am.. chop chop... 2011 to 2007.... regardless...new highs....are new highs.

With the big jobs data tomorrow...still high threat of a weekly close in the 2020s.