Wednesday, 5 March 2014

12pm update - fractional new highs

Equities continue to see minor mixed chop, but we have fractionally broken new highs for the sp'500 and the Nasdaq. Metals are holding moderate gains, Gold +$4. VIX is back to flat. Shipping stocks are showing notable strength, with DRYS +5% or so, back in the $4s.



*I thought I'd highlight the weekly, since this is currently one primary reason why we are stuck.

Whilst the daily chart is offering the mid 1890s, and the hourly the 1880s, the weekly is already currently maxed out.

A weekly close in the 1875/85 zone appears most likely, with 1890/1900s next week.

VIX update from Mr T

time for tea!