Wednesday, 11 March 2015

3pm update - upside into the close

US equities look set for moderate net daily gains, with a viable daily close in the low sp'2050s. VIX looks set to close a touch red in the 16s. Metals remain broadly weak, Gold -$7, with Silver -1.5%. Oil remains weak, -0.7%.




So... yes... we probably have a floor of sp'2040.. along with a VIX cycle high of 17.19.

There is viable upside to the 2070/80s by the Friday close, although realise some would be highly dismissive of that scenario.

Notable strength: TSLA +2.5%

3.26pm Despite a touch of weakness to sp'2042... the R2K/Trans are not showing any problems... and it still bodes for upside into the weekend.

3.40pm.. I realise some will be getting spooked right now, but really.. the Trans/R2K are NOT confirming the move. The VIX is a little higher...but remains relatively subdued.

notable weakness, AAPL -1.6%... that is not helping the broader market.