Wednesday, 11 March 2015

2pm update - the battle continues

US equities are battling to hold the earlier low of sp'2040. There is notable significant strength in the Transports, +1.0%. Metals remain broadly weak, Gold -$9, with Silver -2.0%. Oil is similarly weak, -2.2%.


Trans, daily


*yesterday saw a notable break of rising trend in the Transports, and it remains the only key break the bears have achieved this year.

VIX has just broken into the 17s.. which is ironic considering the minor chop in the main market.