Friday, 12 December 2014

2pm update - awaiting another wave lower

US equities remain lower, and considering the recent price action, a weekly close in the sp'2010/00 zone looks very viable.. along with VIX 22/23s. Energy prices are mixed, Nat 'gas +3.5%, with Oil -2.6%. Metals are slowly melting lower, Gold -$3... with the miner ETF of GDX -1.0%.


sp'60min


Summary

It remains an interesting day... I'm seeking renewed weakness into the close.

A hit of the sp'2000 level certainly seems more viable next Mon/Tuesday, than today. Regardless.. a day.. and week for the bears.
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Notable weakness: TCK -4.0%

Strength: CHK +4.4%... helped by a likely key turn in Nat' gas prices.