Thursday 9 January 2014

1pm update - what a chop fest!

A micro rally to sp'1836, and the sp'500 is back to flat. For Mr retail trader out there, this is a real messy week..and for those not focused on the bigger picture, understandably...confusing. Metals are looking weak, with Gold just +$2. Oil remains very weak, -0.8%


sp'60min


USO, daily


Summary

*first major earnings for Q4...at the close of today.. AA
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Well..a real messy week indeed..but for those with eyes on the bigger trends...we know where this is going.
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Ford building gains, +2.5%, and its back above the 200 day MA.


1.37pm.. the chop continues...but the coal miners..weaker... BTU -3.9%..pretty major.