Friday, 1 August 2014

1pm update - weak weak weak

US indexes remain very weak, and there is now a high threat of a weekly in the 1905/00 zone. Metals are strong, Gold +$12, whilst Oil is -0.5%. VIX +3% in the mid 17s.




*next downside target is the 200 day MA on the Dow, 16320s

It remains a real mess in market land, another 0.5% or so lower.. and things will be on a cliff edge for next Monday.

*There is a lot to say on the bigger cycles - all rolling over, but... I will cover that later this evening.

Intra update from Riley

stay tuned

1.30pm.. another attempt to floor... sp'1923... VIX is flat... @ 17.00