Wednesday, 30 April 2014

1pm update - patiently waiting

US markets (and yours truly) are patiently awaiting the latest FOMC announcement. The Fed is set to reduce the monthly QE fuel by a further $10bn, to $45bn, starting tomorrow (a new QE schedule is due at 3pm today). Metals are weak, but offering a reversal.



Little to add.

Taking things slow this hour...

intra-hour updates from 2pm..all the way into the close....

*notable reversal in a fair few stocks this morning, not least my own three drillers of DO, RIG, and SDRL. I am curious to see how they close today.

RIG, daily

back..just before 2pm !