Tuesday, 3 February 2015

3pm update - a second day of gains

US equities look set for a second consecutive day of gains, and the sp'1980 floor now looks a long way lower. VIX is confirming the equity gains, having slipped from the 22s to the 17s. Gold remains weak, -$12, whilst Oil holds powerful gains of 6.2%.



Regardless of the exact close... equity bulls have clawed well away from the danger zone of 1980/70s.

*it is notable that despite two days of gains, the giant monthly cycle for the sp'500 remains bearish.

Notable gains, TWTR +7%... breaking the $40 threshold

back at the close