sp'daily5
UUP, daily
Summary
*the gains in the USD are unquestionably a result of Draghi alluding to further QE. Again, a higher USD will not be good for the giant US multi-nationals. For now though.. its mostly all chop until a break/close >DXY 100.
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We have a rather interesting day ahead, not least with further earnings at the close.
A daily close in the 2040s would give high confidence that a test of the 200dma is due next week.
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Eyes on the Nasdaq... and China.... they are likely to offer first key signals of a hyper-bullish breakout.
The equity bears are running out of time.... if not already.
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RE: Oil, +1.6%.. at the current rate, it will take a good 3-4 days to turn positive MACD cycle... for the next chance of a break >$50. I remain LONG-USO.
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10.02am.. and here are the sp'2040s.
Leading indicators -0.2%... pretty lousy...
Existing home sales 5.55 million... rather good (well, relatively).
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... and here comes Hillary on Benghazi. That is bullish, yes?