Monday 2 June 2014

10am update - mixed open

US indexes open a touch higher, with new historic highs on the Trans, SP, and even the laggy Dow. There is however notable weakness in the R2K, -0.7%. Metals are weak, Gold -$5, and June looks set for major downside in metals land.


R2K'60min


Summary

I'm not sure what to make of the R2K, just filling the gap, with renewed upside Tue/Wednesday? Certainly, I think it makes for a lousy short, not least with QE tomorrow and Thursday.
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Hmmm...

Well, I can't be short....not with the weekly charts as they are.

Considering an index long....hmm


Lets see where we are around 11am....

As things are..the indexes are quiet out of sync....


10.06am.. market wants to fill some index gaps... sp'1902/00.

First target though today..1910