Tuesday 8 September 2015

10am update - opening gains

US equities open significantly higher, with the sp' +38pts @ 1959. Regardless of any retrace into the afternoon/early tomorrow, the market should comfortably break above the psy' level of 2K. From there, it is merely a case of getting stuck somewhere in the 2010s, or even the 2050/70 zone.


sp'60min



VIX'60min



Summary

There is a lot to cover.. but there is a long day ahead.

Suffice to note.. market now has three key lows.. 1867, 1903, and 1911. I sure don't think we'll be trading under there for some weeks.

Daily MACD cycles are in the process of achieving some important bullish crosses.. but more on that later.


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*I EXITED AAPL-long from the $111.70s.... a moderate gain, since my entry was not so great (late Thursday, 110.10s).

Right now, I'd be much more inclined to go long DIS... via Oct' calls, but for now, I ain't doing anything until the 2pm hour.
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time to cook.   back soon


10.07am.. Eyes on DIS


I'd like something in the low $102....  probably this afternoon.
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10.17am.. notable weakness: NFLX -1.9% ... back in the $96s... really struggling.

DIS is cooling,  $102.70s