Tuesday, 2 February 2016

10am update - its Groundhog day

US equities are significantly weak, having seen a 50% retrace of the bounce-wave from sp'2081/1812. At least 2-3 days of weakness/chop seem due, before first opportunity of the 1970s next week. Energy prices continue to cause problems, with Nat' gas -6.4% and WTIC Oil -4.3%.




So.... its much like yesterday, somewhat appropriately.

9/10 days UP from sp'1812, at least 2-3 down.. and then another push higher into mid/late next week - when the Yellen appears.

The 1970s remain on track, and right now, I see zero reason to be involved.

Its cold out there.......

back at 11am