Tuesday, 16 July 2013

11am update - its all noise

The main indexes are all fractionally lower, but really, this appears to be the best the bears can do on a down cycle. The only moderately bearish aspect so far today is Oil, which has swung from +0.6% to -0.4%. Gold is holding gains of $7, no doubt helped by a lower USD.



I don't expect the main indexes to see any sig' weakness today, seems far more likely Wed/Friday.

Oil is often a leader though...and right now..its weak....

stay tuned

11.10am..ohh the humanity..sp' -5pts....the drama!