Friday, 20 May 2016

1pm update - somewhat stuck

US equities are holding moderate gains, and are somewhat stuck under resistance of sp'2060. With three hours left of the trading week, its merely a case of whether a significant number of the rats decide to jump ship into the weekend.. as the once touted key floor of 2040/39.. remains broken.




Little to add.

If Mr Market wants to cause max upset.... it'll run the 2060s stop... but then cool after 2.30pm.

In any case... I can't take any upside seriously unless >2080... if not the 2100s.

notable weakness, CHK, daily

Despite some hysteria in early March, and again in early April, Chesapeake Energy continues to broadly struggle, and remains on the disappear list.

time for some sun.... back at 2pm