Monday, 29 February 2016

2pm update - churning

US equities remain leaning on the positive side, with the sp +3pts at 1951. The 1965/75 zone looks highly probable within the next few days, with 2K more viable next week. In either case, equity bears don't likely have any realistic opportunity until after the next FOMC (March 16th).



Little to add.. on what is an increasingly subdued day.

Clearly, equity bears have no downside power. Its just a case of how high we can climb into mid March.

notable strength: miners, GDX

Set for a net daily gain of 2-3%, and currently +34.8% for the month.

back at 3pm