Wednesday, 15 July 2015

2pm update - time for a fed book

US equities remain a little higher, but the recent upward trend from sp'2044 is looking exhausted. A retrace remains due, back under the sp'2100 threshold, along with VIX 15/16s. With the USD +0.5% in the DXY 97.10s, commodities are under pressure, Gold -$6, with Oil -2.2%




*the two leaders - Trans/R2K, are already red, both lower by around -0.3%, and are probably warning of trouble for other indexes tomorrow.

... lets see how the algo-bots react to a few pages of fedspeak on the US economy.

notable weakness, oil/gas drillers, RIG -3.4%, SDRL -4.5%.. as energy prices under pressure.

Meanwhile... the skies remain murky in the city

Bearish skies.. filled with cranes
stay tuned