Tuesday, 4 August 2015

3pm update - a third net daily decline

US equity indexes look set for the third consecutive net daily decline... if a minor one... in the sp'2090s. VIX is still reflecting a market with little concern about anything... in the mid 12s. USD is building gains, +0.4% in the DXY 97.90s.. and that is a real problem for commodities... Gold back to flat.




Little to add.

Regardless of the close, today was a second failure for the bull maniacs to push and hold the sp'2100 threshold.

Sooner or later this week, we'll surely see a major sig' net daily decline.. with a close under the 200dma (2070).. and that is when things will get interesting.

*awaiting DIS earnings due at the close

... back at the close.