Thursday 12 June 2014

12pm update - latter day recovery

US indexes look to have floored at sp'1934, and will likely gradually recover into the late afternoon. A further multi-day push higher into next week looks probable. Oil is holding strong gains of 1.4%, whilst Gold is building gains,+$10.


sp'60min


Summary

*I am holding long via, an index (from equivalent of sp'1935), and WFM, I will very likely hold into Friday.
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Little to add. Price action remains pretty strong, and there is little for the market to be concerned about until next Wednesday.
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VIX update from Mr T



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time for an icy drink