Friday, 20 March 2015

11am update - broadly climbing

US equities are ending the week on a pretty strong note, with the sp'500 @ 2104, a mere 0.8% away from a new high. VIX is reflecting the increasing market confidence, -10% in the 12.60s. Metals and Oil are rising... as the USD cools.




Clearly.. there will be multi-year trend resistance in the sp'2130s in April. We look headed at least to there.. before the next opportunity of a moderate down cycle.

Notable gains: miners, GDX +3.3%, as Gold +$11.

time to shop... back soon.