Friday, 6 May 2016

3pm update - net weekly declines

Despite a continued bounce from 2039 to sp'2057, all US equity indexes are still set for a second consecutive net weekly decline, with particular weakness in the two leaders - Trans/R2K. USD continues to claw upward, +0.1% in the DXY 93.90s. Oil remains off the highs, +0.4% in the $44s.




Little to add... on what is a real messy day.

No doubt some are now touting a new surge higher... well above resistance of the 2080s.... and back into the 2100s.

Yours truly is still seeking another push lower to the 2000/1990s. However, even if that occurs, will the VIX even make it to the 18/19s?

For now... the mainstream remain utterly confident that things are just .... fine.

notable strength: GDX +3.8% in the $25s.


3.40pm... CHK, 60min

So.. err... whats going on there?

I see rumour/chatter of news due in AH.