Friday, 6 March 2015

11am update - broadly weak

US equities remain moderately weak... and look set for weakness into the weekly close. Primary downside remains sp'2060s, along with VIX 16/17s. Metals are in semi-collapse mode, Gold -$22, with Silver -2.2%. Oil remains weak, -1.8%... set for weekly close <$50

sp'daily3 - fib retrace

GDX, weekly


*with precious metals whacked lower, the miners are naturally getting smashed... GDX set to break the Nov' low... the $12/10 zone is very viable by late summer.

Equities look weak.. and still look due to take out the Wed' low of 2087. 

Notable strength: BAC +3.5%

time to shop... back soon!

11.20am.. BACK.. from a minor retail venture... and I see a break <2087... with VIX jumping into the 15s.

So... we're on track...

... time to cook !