Thursday 7 March 2013

10am update - morning chop

Good morning. Opening index gains, but market is still looking a little tired. Its quite likely we'll just churn sideways today...as everyone waits for the Fridays jobs data. I'd have to guess we have a very significant chance of trading in the sp'1560s tomorrow.


sp'daily5



vix'daily3


Summary

A choppy start to the day.

Most notable so far, the USD is moderately lower.  Its due a 1-2 week down cycle, and that would really help prop' up the market into late March.
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*I exited SLV and USO at the open (both gains)..and seeking to go long again later in the day.
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