Wednesday, 29 April 2015

12pm update - holding pattern

US equities have naturally slipped into a holding pattern ahead of the FOMC announcement (due 2pm). Most indexes look set to resume higher after the latest Fedspeak. USD remains broadly weak, -1.2% in the DXY 94.80s. Metals are a touch weak, Gold -$3. Oil is building sig' gains of 3.0%.


USO, 60min


*I exited USO-long an hour ago... very content with the exit. Will consider going long on any sig' pull back.

Little to add.

Market looks set to trundle sideways into 2pm.

Regardless of any initial down wave... I'd still expect market to claw somewhat higher into the close.

notable weakness: -4.9% @ $40.20.... the CEOs appearence on clown finance TV has not exactly inspired the momo chasers to hit the buy button.

VIX update from Mr T. 

time to cook