Thursday 6 November 2014

3pm update - churn into the close

US equities remain at historic highs, sp' +4pts @ 2028, and Dow in the 17500s. VIX is holding micro gains of 0.8% in the 14s. Metals are a touch higher, Gold +$2, whilst the miners look to have maxed out, GDX +5.8%. Oil remains weak, -1.3%


sp'60min


Summary

Little to add.. on what has been a particularly frustrating day.

I can only hope we see some degree of turn tomorrow, otherwise it make for a rather boring end to the week.
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Notable mover...

JDST, (3x miner short)...


Viable micro double floor of 30.33/32.. a close in the 32s looks possible. The leveraged miner ETFs continue to see HUGE trader interest.