Friday 1 November 2013

12pm update - market leaders... leading lower

The main indexes are showing increasing weakness, with the two leaders - Trans/R2K, clearly leading the way lower.  Metals and Oil are both weak, no doubt under added pressure via the stronger USD. VIX will likely break into the 14s this afternoon.


Trans, daily


R2K, daily


Summary

Like yesterday, market looks increasingly prone to late day selling. Right now, a close in the 1645/40 zone looks very viable.
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time for lunch