Tuesday 30 December 2014

2pm update - moderately weak

There is no sign of a latter day rally, and market has broken new intraday lows of sp'2079... ohh the humanity, a red close? Metals are broadly holding gains, Gold +$17. Oil remains in chop mode.. having broken support yesterday, +0.4%.


sp'60min






sp'daily5



Summary

*daily MACD (blue bar histogram) is starting to rollover, but I can't take any of this seriously.. not least with it being a holiday week.
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No sign of buyers today.. but then.. neither are there many sellers out there.

It is merely a minor down wave.. before sp'2100s.. which are STILL possible tomorrow.
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Notable weakness: momo stocks.. TWTR -1.9%, FB, -1.1%