Friday 27 February 2015

2pm update - minor weakness

US equities are seeing a touch of weakness... but the key sp'2100 threshold continues to hold. VIX is not offering any market concern, -2% in the 13.60. Metals appear weak, Gold +$4, whilst Oil remains broadly flat.


sp'daily3 - fib retrace


Summary

*the above fib retrace is subject to change of course, on any new high >2119.. but that looks increasingly difficult.
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So... micro chop...  with a touch of weakness. It remains very tedious price action.
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Notable weakness: AA -2.3%, CHK -2.5%