Monday 27 April 2015

11am update - 13pts to go

Whilst the broader market remains holding moderate gains, the Nasdaq comp' has notably come within a mere 13pts of the tech bubble high of 5132. A key break through looks inevitable.. opening up 6-7k. Metals have built significant gains, Gold +$22.. whilst Oil has turned lower, -0.3%


Nasdaq comp' daily


Summary

Anyone still doubt the broader market upside?

It remains somewhat bemusing to me how few are taking much of this seriously. A break of 5132 is viable today... and looks a certainty this week.

From there... it'll be interesting to see what targets start to appear in the mainstream for the Nasdaq.. and indeed, the broader market. Upgrades look due.
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notable strength: TWTR, +2.8% in the $52s.


Earnings are due at the Tuesday close.. viable upside to 57/62.