Wednesday, 19 March 2014

11am update - the two leaders are weak

Whilst the headline sp'/Dow indexes are broadly flat, there is some interesting weakness in the two market leaders - Trans/R2K, which have both been slightly lower this morning. Metals are weak, Gold -$15, with Silver -1.1%

R2k, daily

Trans, daily


So far at least..the two leading indexes have not broken new highs, and if Mon/Tuesday was indeed just a rally into the FOMC...then we're primed to break much lower into this weekend.

I remain on standby mode, will consider an index short AFTER the announcement at 2pm.

11.31am.. the minor chop continues.

Understandably..few want to do anything right now.

Notable weakness: TSLA -1.5%