Tuesday 14 April 2015

12pm update - renewed upside

With a spike floor of sp'2083, equities are already seeing the initial move of what will likely be a rather standard 'latter day recovery'. A daily close in the 2100s is now within range. Metals remain weak, Gold -$3. Oil is holding sig' gains of 2.1%.


sp'60min


Summary

The early morning weakness was merely a bonus down wave for the bears..  anyone still holding short faces broader upside.. as supported on the weekly cycle.

notable weakness, TSLA -1.7%

strength, oil/gas drillers, RIG +5.3%, SDRL 6.8%
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VIX update from Mr T.


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time for.. tea.