Thursday 12 March 2015

1pm update - holding gains

US equities are holding borderline significant gains, with the sp' +0.9% @ 2058. A daily close above the 50dma of 2059 still looks probable.. along with VIX 15s. Metals are weak, Gold -$3. Oil is weak, -1.3% - despite the softening USD.


sp'daily5



Summary

Not much to add.... net daily gains look a given.. the only issue is whether we close a little above... or below 2059.

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Notable reversal in STX


I like the company, and despite the negative INTC press release this morning, STX is seeing an impressive turn around.