Tuesday, 31 March 2015

1pm update - end month chop

Market has slipped into minor chop mode.. ahead of end month/Q1. A net monthly decline for most indexes looks a given.. but Q1 is set to close net higher. VIX remains subdued, +1.5% in the 14.70s. Metals are a touch higher, Gold +$1. Oil remains broadly weak, -1.5% in the $47s.



Smaller 5/15min cycles are offering another minor wave lower into the 2pm hour.. but overall.. looks like zero chance of a daily close <2070.

Notable strength: TWTR, +2.4%.. .back above the key $50 threshold. Increasing chatter - not least on clown finance TV, about the massive popularity about their recent purchase of Periscope.