Tuesday, 12 April 2016

1pm update - beyond tedious

US equities are holding moderate gains, with soft resistance around sp'2060. A daily close >2057 would seriously threaten another major push higher, taking out the 2075 high... and not stopping. For the moment, the mainstream cheerleaders are comfortable once again. After all, higher oil prices are good for consumer, right?




So... how long until the latest Oil rumour is denied?

VIX is on the edge of breaking trend.

notable strength, CHK, daily

+33% @ $6... clearly, its all 'fine' now, yes? So.. who wants to buy at the 200dma?