Thursday, 15 October 2015

11am update - battling to build gains

US equities are battling pretty hard to build gains, with the sp +12pts @ 2007. A daily close >2010 would offer a strong indication that the 2030/40s are due within the near term. USD is notably rebounding, +0.5% in the DXY 94.40s. Gold -$3. Oil -1.7%.. ahead of the latest EIA report.




The retrace from sp'2022 probably completed yesterday at 1990.. and we're now headed higher into the weekend.

VIX is -4% in the 17s... the 15/14s look due if sp'2030/40s. The key 20 threshold looks out of range in the term.

notable weakness...

NFLX -8%.. having briefly lost the $100 threshold. There remains threat of 95/93.
STX -11%.. after a pre-earnings warning

Awaiting the EIA report........

11.05am.. EIA .. oil inventory surplus.. 7.6 million... the largest in some months.

Oil holding -1.7%.