Tuesday, 5 April 2016

11am update - remaining weak

US equities remain weak, although clearly.. some of the bull maniacs are still in buying mood. Broadly, the market should continue a run to at least the sp'2020/15 zone - with VIX 18s, within the next few days. With market weakness, the metals are catching a bid, Gold +$12, with Silver +1.2%.




*yes.. the early bounce concerned me... if only for a few minutes.

Broadly... the market looks set for a second net daily decline.. the only issue is whether we settle in the sp'2040s.. or 2030s. Considering increasing downside momentum... the 2030s look viable, if not probable today.

time for an early lunch

More good news for US manufacturing workers...

I would imagine Trump will have something to say about that.