Wednesday 8 January 2014

12pm update - clawing higher into the afternoon

The main indexes are showing their underlying upward pressure, with most of the indexes now slightly positive. A daily close in the sp'1840/45 zone looks...probable. Metals are weak, Gold -$10, Silver -2.2%. Oil remains generally weak, -0.7%.


sp'60min


Summary

Little to add. Lets just see if the market can jump into the mid 1840s after the FOMC minutes are released at 2pm.

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notable strength in...STX


Only another $40 until triple digits..there is no doubt on that one..and if you think about it for just a little..it has very broad implications for the main market into late 2015.