Friday, 30 January 2015

11am update - it remains messy

US equities see renewed weakness, with an apparent morning low of sp'2002, with VIX 20.49. With a little market concern, the metals have built gains, Gold +$12. Oil is holding sig' gains of 2.0%, but will still settle January with a net monthly decline of an extreme -15%



So far then.. bulls have been unable to break declining resistance.

At the close of today, resistance will be around 2012. Any net daily gain would bode bullish for next week, but still... this remains a bit of a mess.

Notable gains: AMZN +11%

A mere PE of somewhere around 150... clearly... 'cheap', urghh