Tuesday 20 January 2015

2pm update - continued minor weakness

US equities remain moderately lower, a flat close appears due.. ahead of what will likely be a similarly choppy Wednesday. Metals are holding strong gains, Gold +$16. Energy prices remain under severe pressure, Nat gas -8.4%, whilst Oil -4.4%.


sp'60min


Summary

Frankly... little to add.

Market should in theory remain in a holding pattern ahead of Thursday mornings ECB announcement (due 7am EST).

Yes.. there are plenty of earnings,  but the broader market seems more than likely to just trade choppy.. before a break upward.
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notable strength, airlines, DAL +6.5%


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stay tuned