Thursday 11 June 2015

1pm update - chop chop

Equities remain in minor chop mode, with the sp +4pts @ 2109. Regardless of the exact close, a net weekly gain for all indexes looks due. USD is holding moderate gains, +0.6% in the DXY 95.20s. Metals are naturally somewhat weak, Gold -$6, with Silver -0.3%. Oil is similarly under pressure, -0.9%


sp'60min


sp'weekly


Summary

Little to add

An increasingly quiet day.. as the market is in consolidation mode.

Market looks set to hold/build gains into the coming weekend.
--
notable weakness: coal miners, BTU -7.9%.. in the $2s....   dire sector.. see 'fair value' post.