Monday 23 November 2015

12pm update - holding minor gains

US equity indexes remain slightly positive, with an intra high of sp'2095. VIX is subdued in the 15s. Metals remain broadly weak, Gold -$8, with Silver -0.5%. Oil has built sig' gains of 1.5% in the $42s.


sp'60min


GLD, daily



Summary

Little to add.

There remains threat of a retrace.. but from where might it come from ? There really isn't any data until Wednesday... and by then many traders will already be leaving for a long weekend.

The sp'2100s are coming... along with new historic highs.. before year end.
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notable weakness, AAPL, -0.9%... cooling after hitting upper gap zone resistance of the $120s

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VIX update from Mr T.


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time for tea...