Thursday, 26 February 2015

3pm update - close to a break

US equities are seeing renewed weakness, with sp -7pts @ 2106. A daily close <2100 would be just a moderate net daily decline, but would open the door to the 2065/50 zone next week. VIX is confirming a touch of market concern.. not least as energy prices are starting to implode, Nat gas -5.6%, and Oil -4.3%




An interesting closing hour is ahead...

If we can get that daily close under sp'2100, it will open the door to the 2060s next week. The 2050s look increasingly tough... not least as the 50dma is rising each and every day.

Notable weakness: energy stocks, CHK -4.4%, BTU -6.3%, SDRL -2.7%

updates... into the close