3pm update - chop into the close

US equities look set to close higher (barring any random comments from the ECB), with a daily close just under next key resistance of sp'2064. Friday looks set for a further push higher, with a viable weekly close in the 2070/75 zone. Metals are back to flat, whilst Oil is cooling from the earlier highs, +3.3%


sp'60min

Summary

So... unless the ECB want to spoil the party... the equity bull manaics look set for an important close above the 50dma of sp'2044.

Market will likely deem tomorrow's jobs data as 'acceptable'.. and jump above 2064 at the open.

VIX remains cooling, -5% in the 17s... a weekly close in the 15/14s remains viable... if sp'2070s.

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Ahead of earnings, TWTR +1% in the $41s. 


3.39pm... Market making a surprising attempt to take out 2064 today.... ahead of the jobs data. A daily close of 2062/63 would be a real tease.. to bulls and bears alike.

Notable weakness, airlines, UAL -2.6%