Friday 24 April 2015

10am update - opening gains

US equities open a little higher, with all indexes set for sig' net weekly gains. An sp'500 close in the 2120s remains very viable... not least as the USD continues to cool. Metals are especially weak (considering the USD), Gold -$8, with Silver -0.8%


sp'weekly


UUP, weekly


Summary

So, we're a little higher... if somewhat choppy. Overall, bull maniacs have little to be concerned about as the weekly/monthly cycles remain bullish... not least supported by EU/Asia markets.

-
*I added to an Oil-long position at the open... still seeking a move into the WTIC $60s within the near term.

--
Meanwhile.... the most grossly mis-priced stock in perhaps the entire western world...

AMZN, daily


A Q4 loss of -12 cents, but hey... in this market... profits don't matter. Naturally, mainstream talk will now turn to the big $500 threshold... which seems possible in late May/June.

I can only imagine what those short the stock - via option puts, are thinking, having seen the stock swing in AH from 420 to 371... only to see if open in the $440s. Urghhh.