Thursday, 12 November 2015

11am update - broadly weak

US equities are broadly weak, with the sp -14pts @ 2060.. holding under the 200dma (2064). VIX is showing some upside power, +6% in the 17s. Metals remain weak, Gold -$5, with Silver -0.2%. Oil is -1.9%.. ahead of the next EIA report.




*... awaiting the EIA report.. due at 11am.

So.. we remain weak... and things look on track.

The sp'2020s.. with VIX in the low 20s.. look within range for next Mon/Tuesday.

11.01am.. 4.2 million barrel surplus.....  Oil swings wildly... back to -1.9%.

Equities have seen a nano spike to sp'2066... but broadly... this is all minor noise.

USO, daily2

With the Oct'27th low taken out... its open air sub $40 for WTIC.

11.21am.. the weakness resumes... sp -12pts.. 2063.

Gold -$6... 1078.. a mere $6 from breaking a new multi-year low.

notable weakness: FCX -5.6%.. a copper prices fall to $2.17

11.37am... sp -14pts @ 2060.... this is all rather entertaining.

Fed official Dudley.. coming right up!