Tuesday, 5 January 2016

10am update - opening gains

US equities open moderately higher, having broken above first soft resistance of the hourly 10MA. VIX is holding up relatively well, -1% in the 20s. Metals are choppy, Gold +$1, with Silver +0.7%. Oil remains broadly weak, -1.4% in the $36s.




So.. we're a little higher, but clearly nothing significant.

I'd be real surprised if we make it back to the gap zone around sp'2040.

VIX is holding up rather well indeed, and that doesn't bode well for those equity bulls seeking renewed upside.

Seriously, anyone think we'll be trading >2050 any time soon?

Yes, its rather late, but its just been posted on YT.. and is still somewhat interesting....

Monday closing update from Riley


notable weakness...

AAPL, daily

Nothing bullish there. Sub $100 looks due.

stay tuned