Monday, 12 October 2015

10am update - opening chop

US equity indexes open with some very minor price chop around sp'2015.. with VIX remaining subdued in the 17s. There is notable strength in the metals, with Gold +$6 and Silver +0.7%. Oil is in cooling mode, -1.7%, with the broader weekly cycle offering $55/57 within a few weeks.




Well... not much to add. There just isn't much going on... certainly nothing for equity bears to be getting involved in.

*if I had to take a few trades right now (and I sure ain't in the mood today)... long Oil and DIS. Although Oil certainly will likely cool into tomorrow.

notable strength...


The daily chart is pretty clear... its breaking UP and away.. first target is the earnings gap zone.. $113.. a clear $7 higher.