Tuesday, 12 May 2015

3pm update - battling for a positive close

US equities are battling for net daily gains (sp>2105) which would be a full 1% swing from the opening low of 2085. VIX is naturally cooling, and has already turned fractionally negative into the 13.80s. Metals are holding borderline sig' gains, Gold +$10, with Silver 1.7%. Oil is back to +2.1%



Well, the opening hourly candles for VIX and TLT were a pretty clear signal to the equity bears to close out this early morning.

I realise some are still seeking another wave lower to 2050/40s.. but that simply does not look likely.

*I will hold short Gold overnight.. my entry is only a touch under the current level... so I can live with that!


back at the close