Friday 14 February 2014

1pm update - a strong week for equities and precious metals

Regardless of the rest of the afternoon, the weekly closes for US equities and the precious metals are powerfully bullish. There will likely be significant follow through to the upside next week, and probably across much of March (at least until the next FOMC - March'19).


GLD, weekly


Nasdaq, weekly


Summary

Rains, winds..snow...it seems much of the USA/UK is taking a bit of a battering.

This weather is clearly an excuse for everyone to just go home early, and thus no reason why rest of the day won't be continued micro moves...with a slight bias to the upside. I won't be going anywhere though. Here to the end..as ever.

Seemingly, a weekly close in the sp'1830s..with VIX 13s. 
--
quiet afternoon...back at 2pm.