Tuesday, 30 December 2014

12pm update - chop chop

Equities remain moderately weak... with a very viable latter day rally. Metals are holding strong gains, Gold +$19, with Silver +3.2%. Oil has already turned a touch red, having earlier bounced by around 0.6%. VIX is higher for a second day, but overall.. showing no real upside power.



Without getting lost in the minor noise, it remains a case of 'what about the recent breakout in the R2K?'

By definition, it is an extremely bullish signal.. and it utterly bemuses me how some are calling for major downside.. even to the sp'1800s in early 2015.

Notable weakness, CHK -1.7%... not surprising, with Nat' gas still falling

DRYS -7.0%.. no doubt, the penny share buyers are meddling a lot in this one lately... price action sure suggests that is the case.

VIX update from Mr T.

time for tea... back at 2pm