Tuesday 23 December 2014

11am update - micro cooling

US equities are cooling a touch from the earlier highs... with the R2K set to slip under 1200. Metals are holding minor gains, Gold +$5, but looks vulnerable to closing red. Oil is holding sig' gains, +1.6%.


sp'60min


Summary

With the econ-data out of the way... market is back into micro holiday chop mode.

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Notable strength: TCK +4.5%


Although both FCX and TCK look highly vulnerable, with Copper prices still <$3... with low $2s viable next yr.