Tuesday, 19 April 2016

3pm update - weakness into the close

US equities are set for increasing weakness, although a sub sp'2090 Tuesday close looks out of range. VIX remains relatively subdued, but somewhat above the early low of 12.98. With the USD -0.5% in the DXY 93.90s, the metals are strong, Gold +$20, with Silver +4.5%.




*note the VIX hourly 12pm candle..  hitting declining trend/resistance.. and then cooling.

Cyclically... we're set for an equity bearish MACD cross in the closing hour... so.. we 'should' fall.

.. in this market though... even hopes of a fractional net daily decline... are often denied.

notable strength, miners: GDX +5.6%

back at the close!