Thursday, 29 May 2014

1pm update - churning

US indexes continue to hold minor gains, with the Trans/SP' having broken new highs. There is next to zero downside pressure, and with GDP out of the way..the bulls have a clear run until the Friday/monthly close. Metals remain broadly weak, Gold -$3



I realise some will be looking to launch an index short, not least in the 1920s..but really..whats the best case downside..15..20pts..if that?

Truly tiresome

Notable strength, the drillers. especially SDRL, but then..recent price action remains somewhat choppy.

1.33pm... another nano sized bit of weakness....

..but really...overly risky for those on the short side.