Tuesday, 14 April 2015

12pm update - renewed upside

With a spike floor of sp'2083, equities are already seeing the initial move of what will likely be a rather standard 'latter day recovery'. A daily close in the 2100s is now within range. Metals remain weak, Gold -$3. Oil is holding sig' gains of 2.1%.



The early morning weakness was merely a bonus down wave for the bears..  anyone still holding short faces broader upside.. as supported on the weekly cycle.

notable weakness, TSLA -1.7%

strength, oil/gas drillers, RIG +5.3%, SDRL 6.8%
VIX update from Mr T.

time for.. tea.