Tuesday, 27 October 2015

12pm update - awaiting renewed upside

US equities remain moderately mixed.. as there is a (not surprising) attempt by some indexes to turn positive. Broadly.. it would seem market is merely consolidating before another push upward to the sp'2080/90s. Oil remains very weak, -1.9% in the $42s.



Frankly, nothing to add.. on what is another quiet day.

At least there are AAPL earnings at the close, and that might be part of the excuse for renewed upside tomorrow.

notable weakness... Ford, although with a reversal candle.. at the 200dma

Sustained action under $14 looks unlikely. Key threshold for a breakout remains $18.

VIX update from Mr T.

time for lunch