Friday 19 September 2014

12pm update - awaiting the BABA

US indexes have continued to slip a little, but it makes for a very natural down cycle from a trio of new historic index highs. Metals remain smashed, Gold -$5, whilst is down a rather severe -2.8%.


sp'15min


Summary

Little to add...

It remains a pretty historic sight, to watch the Alibaba IPO....

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*I remain on the sidelines, but might pick up an index block...once the smaller 15min cycle looks fully floored.
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11.58am... Truly incredible...BABA $98...and headed for the giant $100 threshold.

12.09pm... indexes turning red... another bit lower..and I might be a buyer.


12.13pm.. LONG from sp'2011.     The smaller 5/15min cycles look pretty low.. my target will be 2030s next week. Will likely hold across the weekend, unless 2020 at the close.