Monday, 26 January 2015

2pm update - normal service continues

US equities are seeing increasing strength, with a daily close in the sp'2060s now very viable. A break into the 2070s looks viable if Mr Market is placated by the FOMC this Wed' afternoon - which seems likely. Metals remain weak, Gold -$14



*there remains a real stinky mood out there today... I can't be the only one noticing it. Big 'event' coming.. hmm?

Little to add.

What is notable... all those touting doom last night.. they are all on radio silent mode right now. No doubt, they'll reappear in the low sp'2100s... the wretches.. or should that be roaches?

Notable weakness: STX -8% in the $58s

 ... but still... little wrong with Seagate, one of my favourite techs for the mid term.

*Ohh yeah... Russia debt got downgraded to 'junk' by Sp'.  Considering the state of their equity market.. and energy prices... not surprising.