Weekend Charting and Chat - 13 February 2015, page-6

The Economic Rationalist's response to Valentine's Day:

(Tip:  Don't do it.  At best, you'll be in Purgatory for the next week.  A worse case scenario: you'll be visiting the Emergency Room to have a Valentine's Day Card removed from a very tender part of the anatomy.)

Major U.S. Indices:


SP500 is now at a new all time high.  Other indices have reached new medium term highs - except for the Dow Industrials which is lagging a little.  Dow Utilities, however, continues to fall, down -1.61%.

Apple Inc. on Tuesday became the first company in history to have a market capitalisation of more than $700 Billion.  It has been up since then on Wednesday, Thursday and Friday.

To put that in some perspective.  $700 Billion is larger than the GDP of European countries such as Switzerland, Poland, Belgium, Norway, Austria.

Here's the detailed chart for the SP500:



The new high is a marginal break above the December, 2014 highs.  Indicators are still not overbought.  So there's probably more in this.

Commodities:



CRB Index up +1.37%.  Energy up +3%.  Industrial Metals -0.06%.  But Gold ETF up +0.55%.  US Dollar down marginally -0.04%.

Australian Stocks in NY:

BHP +4.88%.  Rio +4.71%.  Westpac +2.23%.  ANZ +1.91%.  EWA. +2.11%.

There are no nasties in there for Australia on Monday.

I hope everybody is drinking of Pisces Nectar.

Redbacka