Friday 19 September 2014

3pm update - quad-opex chop into the close

US equities remain somewhat mixed, although the smaller 5/15min cycles offer upside into the close. However, with a quad-opex, price action will likely be increasingly choppy into the weekly close. There are notable sig' declines in the R2K, -1.2%


sp'60min


Summary

Its been a long week... thank the gods...its almost the weekend!

*I remain long, but if we can jump to 2020 by the close, I will probably exit for a day-trade..and would just re-long again on Monday.

Regardless, the broader trend remains strongly higher.

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3.19pm.. market appears in slow melt mode..to the upside.

The 2018/20 zone remains viable by the close, but still... more likely early next Monday.

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3.35pm chop chop...2010 should hold....moderate chance of 2015/16.

On any basis though.. a week for the bulls.

Notable weakness: SDRL -7.1%.... an absolute train wreck for 3 solid weeks.. falling from $37s to $27s


3.50pm... CNBC... NFL crazie 'don't take me to an elevator'.

Hmm
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Holding LONG-index, across the weekend............

back at the close...