Wednesday 5 November 2014

3pm update - awaiting King

Mr Market is awaiting a press conf' from King O', whom having lost control of not only congress, but the Senate, is now looking rather alone. Meanwhile, equities remain relatively stuck in the sp'2020s, although the Dow is looking strong.


Dow, daily


Summary

..awaiting to hear how despondent the leader of the 'free world' is.
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A fair few out there have been talking about the Dow 17500s for some weeks.. and price structure is offering an expanding wedge.

Anyway...this is getting tiresome.. I'll be glad for the close.
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Notable weakness, miners, GDX -2%, whilst Gold -$20... trend remains much the same... headed for Gold $1000... just a matter of how fast.