Wednesday, 19 November 2014

11am update - increasingly weak

US equities look weak, with the important daily 10MA of sp'2039 set to be broken today.  Precious metals have snapped sharply lower, Gold -$18. Oil is turning negative after inventories come in 'overly high'.




*VIX looks set for the 16/17s in the near term.

Finally.. the tedious price action of the past few weeks looks like it is coming to an end.

The sp'500.. and even the Dow, look set to follow the Trans/R2K, which have been warning of trouble for the last 4-5 days.

11.01am.. R2K getting the smack down... -1.6%.... looking ugly.

time for a somewhat early lunch :)