Thursday, 13 November 2014

10am update - opening minor gains

Equities open a little higher, with new historic highs on the Dow and sp'500 (2044). VIX however remains slightly positive. Metals open moderately higher, but look extremely vulnerable. Oil is on the slide, -1.1%


sp'60min


Summary

There is little to add.

However, Yellen is due to speak at a Fed-ECB conference this lunch time (12.45pm or so), I'm not sure if clown finance TV will be covering it live.
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Notable opening reversal in the miners..

GDX, 60min


A black-fail candle to start the day... and has already turned briefly red. I refer anyone to Oct'28th open.. two days later...major collapse of $3.
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Interesting day ahead....
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10.08am.. Oil really weak now... -1.8%.... metals set to turn red.....

Despite new index highs.. equity market looks set for a daily red close...