Saturday, 5 January 2019

SP500 2532 bounce 310K jobs, Fed and China

Great December job numbers, data dependent comments from Fed and potential China talks next week gave the market the boost it required to jump over 3%. Resistance at 2600 with max upside at 2737 the weekly 50ema gives a potential 3-7%upside? Caldaro forecasts a move to 2574(50%)or 2714(61.8)%, before the C wave down to 2310.

Fundsmith range 367p, 391p, 407p Target 347p
Lindsey Train 220p, 234p, 244p Target 205p
Investec Gold 130p, 126p, 121p Target 139p

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