Thursday, 30 July 2015

12pm update - battling it out

US equities remain moderately weak, as the market is battling it out around the sp'2100 threshold.. where the 50dma is also lurking. With the USD +0.6% in the DXY 97.60s, commodities remain under some pressure, Gold -$5, although Oil is now +0.2%.




*I see that the infamous Gartman is no longer bearish. Well... there is your sell signal.

For the equity bears its somewhat frustrating... as for now, there is no significant downside power.

Now its a case of whether we'll see some stronger downside action into the weekend/monthly close. 

The setup still favours the equity bears.

VIX update from Mr T.

time for lunch