Monday, 25 January 2016

10am update - opening weakness

US equities open a little lower, as the market appears needing at least a little time to consolidate the hyper-ramp gains from sp'1812 to 1908. With the USD -0.3% in the DXY 99.20s, the metals are naturally higher, Gold +$8, with Silver +1.1%. Oil is -3.6%.. around the $31 threshold.




*note the VIX gap zone..up to 26.50. More often than not, those get filled very early.

VIX 26.50 would likely equate to sp'1880/75.

So... we're a little weak... and even if things unravel across today, a broader bounce still looks VERY probable.

AAPL has earnings at the Tuesday close...

The $105/107s look a relatively easy target. Mainstream would likely use that an excuse for further upside to sp'1940/70 zone.

back at 11am