Thursday 18 September 2014

12pm update - still battling higher

US equities continue to climb, with new historic highs for the Dow and Sp'500. Metals are moderately higher, Gold +$4, whilst Silver is +0.2%. Oil is on the slide, -0.8%, whilst Nat Gas -2.3%.


sp'60min


BTU, daily


Summary

*notable major declines in the coal miners.
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Pretty tedious... this remains no market for the bears.

Hourly cycle looks a little toppy..but really... where is the sell side going to come from this afternoon?

*Personally, I've zero interest in chasing the indexes higher at these levels... not least with the weekend approaching. Unless we pull back to 2000 or so... I ain't interested.

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time for lunch