Tuesday, 27 October 2015

3pm update - weak churn into the close

US equities are set to close moderately weak...having filled the price gap (for most stocks).. around the 200dma of sp'2060. The primary trend remains to the upside, and the sp'2080/90s still look due before any significant opportunity of a reversal.




*AAPL earnings at the close.. and that will give the cheerleaders on clown finance TV something to get excited about.

Little to add.

VIX is set for the third consecutive net daily gain, but still, we're only talking about VIX 15s. Even the 20 threshold looks difficult until at least next week.

Clearly, there is more sig' weakness in energy stocks.. as Oil remains weak, -1.5% in the $42s.

Coal miner stocks utterly trashed.. CNX -21% in the $6s. 

back at the close