Friday 24 April 2015

12pm update - equities battling upward

Most US indexes are holding minor gains, and it remains a case of underlying upward pressure... not least as earnings continue to come in 'reasonable'. Metals are significantly lower, Gold -$16, with Silver -1.1%. Oil is weak, -1.0%, but liable to turn positive by the close.


sp'daily5



USO'60min


Summary

Not much to note.

Friday looks set for net daily gains for most indexes, which will make for a rather significant net weekly gain. The sp'2130s look within easy range next week.

re: Oil... hourly cycle will likely turn upward into weekly close.. and I will be more than content to hold long across the weekend.

For me, its mostly about the weaker USD.. that is in the process of breaking the upward trend from last May.

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VIX update from Mr T



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time for lunch