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%


USO, daily


*first major earnings for the close of today.. AA

Well..a real messy week indeed..but for those with eyes on the bigger trends...we know where this is going.

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.