Monday 10 November 2014

2pm update - Transports leading the way

The Transports is now in the 9000s... and would even the most doomer of doomer bears dare suggest 10k won't be hit in the coming few months? No doubt.. the lower oil prices are especially giving the Trans an upward push.


Trans, daily



Summary

Little to add.

It remains a quiet day.. and tomorrow will likely be little different.
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There remains sig' weakness in the metals.. .and that is naturally greatly impacting the miners. GDX -5.4%


... still on track for the 15/14s. No doubt though.. the floor callers will be out there again this evening.