Monday 11 November 2013

3pm update - I think the market closed four hours ago

The market remains a twilight zone of nothing. On what might be the quietest full trading day of the last few decades. Metals are trying to claw higher, with a moderate chance of a Tuesday gap higher. Oil is battling to close at the high of the day, +0.75%


sp'1min


Summary

Aside from that little twitch in early morning...we really should have been closed today.

No doubt, a fair few people thought the market was going to be shut for the holidays.
--

DRYS has been attempting a rally after the major retrace.


Needs to clear $3.50/60 by end Nov, but more importantly, It will be tough to break >$4.