Wednesday, 26 November 2014

3pm update - micro chop into Thanksgiving

US equity indexes look set for continued micro chop into the Wednesday close, with the Sp'500 around 2070, Dow 17800, and R2K making a viable attempt to get a daily close in the 1190s. VIX is naturally subdued in the low 12s.



Price action is entirely to be expected....  looks like we'll settle around sp'2070.

*Friday is also an early close at 1pm EST... so.. in many ways its almost the weekend!

Notable weakness: (along with the drillers), CHK -2.6%. The fact that Nat' gas is -1.6% is not helping!