Wednesday, 27 November 2013

12pm update - quiet afternoon ahead

The indexes look set to flat line into the close. Despite some notable strength in leaders like AAPL, the sp'500 seems unable to decisively clear..and hold above 1808, ahead of the holiday break. Metals have turned red..and Oil remains lower by a significant -1.75%

sp'60min (with metals)


Price action in the metals looks particularly weak, and I'm in full agreement with Carboni, metals and Oil look set for much lower levels. The latter of course is an obvious benefit to the wider economy..and bodes for better earnings in Q1.

Hey..if yours truly can see..and admit that, why can't the rest of you ;)

time for lunch :)