Monday 21 December 2015

11am update - holding gains

US equity indexes are holding moderate gains, as the post-FOMC down wave from sp'2076 was indeed complete at 2005. USD is starting to cool, -0.2% in the DXY 98.40s, and that is no doubt helping commodities. Gold +$12, with Oil battling to claw from early lows, -0.4%.


sp'60min



Summary

Little to say.  We're clearly seeing some selling in the low sp'2020s.

Considering the hourly MACD cycle though.. at the current rate we'll see a bullish cross in 3-4 trading hours... so we'll either churn out a bull flag by the close... or just push higher again later in the day.

--
notable strength... miners

TCK, daily


A powerful gain of around 8%.. but 8% of a small number still keeps the stock in the $3s... having started the year in the $13s. A horrible year for miners/energy sector... yet there is still little sign of industry capitulation.