Wednesday 5 November 2014

1pm update - holding gains

US equities see a minor up wave, and once again the sp'500 is close to breaking the recent 2024 high. VIX remains only a little lower, -1% in the mid 14s. Metals remain weak, Gold -$20, with Silver -3.1%.


sp'60min


Summary

Yesterday's break of trend remains pretty important... but if we see 2025s.. then its a case of 2040/50 - as many out there have been touting.
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The real action is in the metals and miners. Not surprisingly, with Gold -$20, the miners are weak, although have been seeing sharp little bounces.
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Notable strength: energy stocks, CHK +6.4%