Thursday, 26 March 2015

2pm update - due to resume lower

US equities have seen a significant bounce from sp'2045 to 2066.. now brushing against the declining hourly 10MA. VIX is a touch lower.. after an early spike high of 17.19. Despite the bounce.. renewed weakness looks due into the weekend. Metals are holding gains, Gold +$9. Oil is building powerful 'war gains' of 4.4%




Typically.. we'll get stuck this hour.. and roll lower into the close. Clearly.. the 2040s look out of range.. but a fourth consecutive net daily decline still looks probable.

Notable weakness, coal miners, BTU -8.9% @ $5.79