Monday, 31 August 2015

2pm update - weakness remains the threat

US equities see another touch of downside pressure, sp -12pts @ 1976, with VIX +5% in the 27s. Metals are seeing some chop, Gold -$1.. set for a net monthly gain of around 3%. Oil continues to build rather extreme gains, +7.0% in the $48s... the big $50 threshold would be natural resistance.



Suffice to say... nothing has changed since last Friday.

I'm still seeking a retrace of the 126pt ramp... back to the sp'1945/30 zone.

notable weakness, gold/silver miners, GDX -2.3%..despite the metals trading only a little lower.