Wednesday, 2 March 2016

1pm update - broadly strong

Despite some moderate weakness, US equities look broadly strong, headed for the sp' 2K threshold, with best bull case upside to the 2020/40 zone by the FOMC of March 16th. VIX remains subdued, having earlier hit 17.51. Metals are holding gains, Gold +$8, but still looks vulnerable into mid March.


GLD, daily2


Little to add.

Considering yesterday's giant gains, the market is arguably in consolidation mode... before the next push to the 2k threshold.

notable weakness....

INFN, daily

It seems there is no real news.. its just cooling from the 50dma

back at 2pm