Thursday, 22 January 2015

2pm update - holding gains

Despite a notable early morning swing lower, US equities are now comfortably holding gains, with a viable daily close in the sp'2050s.. along with VIX 16/15s. Metals are holding gains, Gold +$7. Energy prices remain broadly weak, Nat' gas -5.5%, whilst Oil is -2.5%


R2K, daily


*VIX is -10% in the upper 16s.... reflecting a market that is again placated via the giant PRINT key

Without getting lost in the minor noise... looks like we'll close higher for the fourth consecutive day.

*I remain long via the R2K, little inclination to exit until the 1210/20s... which seem viable next week.