Monday, 4 November 2013

12pm update - moderate weakness

There is clearly some weakness out there, although the two leaders - Trans/R2K, are +0.9% and +0.7% respectively. Despite the heavy QE today, the headline indexes (Dow, sp, Nasdaq) have a fair chance of closing at least a touch lower.


Trans, daily


A quiet start to the week, but with the transports breaking new highs (no doubt helped by lower Oil prices), you can still see the underlying upside pressure.

VIX update from Mr T.

time for lunch!