Tuesday, 4 August 2015

12pm update - battle continues

US equities remain in chop mode, but increasingly leaning on the downside. USD has turned a touch negative, -0.1% in the DXY 97.40s. Metals are holding moderate gains, Gold +$5, whilst Oil is +1.4%.




Not much to add... as battle continues. Weekly/monthly cycles continue to swing in favour of the equity bears.

notable weakness, coal miners (as ever), Consol (CNX) -7% in the $14s... sub 10 looks easy.

AAPL, -3% in the $114s...  at this rate of decline, first target zone of 105/100 will be hit before month end.

ohoh, clown finance TV has wheeled out Laszlo 'the ruler' Birinyi

sp'3200 by late 2017, has he been reading my nonsense lately? lol

*his biggest holding is AAPL.... hmm

VIX update from Mr T.

time for lunch :)