Friday, 11 March 2016

3pm update - leaning higher into the weekend

US equities remain significantly higher, with the smaller 5/15min cycles offering renewed upside into the weekly close. USD is +0.1% in the DXY 96.10s. Metals are mixed, Gold -$11, whilst Silver +0.3%. Oil is helping the broader market mood, +1.2% in the $38s.




Little to add.

Its been an interesting week, and regardless of the exact close... a fourth week for the equity bulls.

notable weakness... TVIX, daily

Not surprisingly, TVIX is melting lower, set for a fourth consecutive net weekly decline. The $5.75/5.50 zone looks set to be the floor next week.

back at the close.