Monday, 10 August 2015

3pm update - significant gains

US equities are set to close significantly higher, and regardless of whether the market settles a touch above.. or below the sp'2100 threshold, the bears face major problems if sustained price action across Tue/Wed' >2115. Gold and Oil are both holding sig' gains of 1.0% and 2.3% respectively.



For now.. it remains arguably just a bounce.. but clearly.. we're within 0.5% of breaking a higher high in the short term.

To me, the notion that we now have a key floor for the late summer of sp'2067 is nonsense.

If you're on the short side and thought your day was difficult...

.. bearish theme parks (well, except DIS.. on long term) :)

Changable skies in London city this evening.. much like my mood...

The particularly depressing aspect is that summer will be wrapping up in around four weeks.

back at the close.