Thursday 18 December 2014

2pm update - renewed super strength

US equities are continuing to power higher, with a new high of sp'2049.. a mere 1.5% from breaking a new historic high. VIX continues to cool, -10% in the 17s. Commodities are mixed, Gold +$5, whilst Oil remains moderately weak, -0.8%


sp'weekly7


Summary

Suffice to say... up up up...  today being day'2.
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Anyone calling this a bounce... needs to... well.... I'm sure you can guess a few of my 'suggestions'.
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Notable strength: AA, 4.1%


See yesterday's post on my 'fair value stocks' page, AA is looking strong...
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2.26pm.. Oil has fallen sharply... USO -3.7%... close to breaking a new cycle low.. Hmmmm

Energy stocks are naturally being pressured...