Tuesday, 13 January 2015

10am update - strong opening gains

US equities have built significant early gains, with the sp' +25pts @ 2055... a mere 1.9% from breaking a new historic high  Metals are looking vulnerable, Gold +$1. Oil is off the lows, but still -1.2%. VIX is naturally cooling, -8% in the upper 17s.


sp'60min


sp'daily5


Summary

So... we're on the rise... the sp'2100s remain a key target.

Daily MACD cycle is set to turn positive tomorrow, it does appear that the market will rally into opex/early next week.
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Notable gains: AAPL +2.3%

weakness, copper miners, FCX, TCK, both lower by around -3%.