Friday, 6 February 2015

10am update - break of resistance... and fail?

US equities break key resistance of sp'2064... but have already turned fractionally red. Bull maniacs could do with a daily net gain... otherwise there is a real threat of a notable failure. Metals are sharply lower, Gold -$24. Oil is holding gains of 1.4%... but as ever... is highly vulnerable to turning lower.



*I exited TWTR at the open.. @ $46.20 (long calls from $41.50 yesterday)... it makes up for last Friday's rather annoying 'sell into the weekend' trade. Its been a long.... long time since I meddled in any of the momo stocks.

So... opening gains... but its looking a little shaky... eyes to the VIX....

Equity bears really could do with the ECB opening its mouth today... but that is of course an impossible thing to predict.

Notable gains in TWTR

So.. an earnings jump into the first target zone of 45/47, having been churning out a base for around 2 months.

10.15am.. Indexes battling hard to hold gains.... next level.. upper daily bol...@ sp'2075. 

Metals continue to sink, Gold -$29... having broken below key support of GLD 120