Wednesday, 2 September 2015

12pm update - battling to build gains

US equities saw a morning pull back from sp'1938 to 1919.. but appear to have stabilised with a higher low.. and look set to battle upward for the rest of today. Certainly, despite the underlying weakness (that continues to increase), hourly/daily cycles are bullish into next week.



Certainly, its not great for the bulls... but neither is it another train wreck.

The bigger move should start on the back of Draghi tomorrow... and continue through the jobs data... into next week.

AAPL +2% around $110

notable weakness, oil/gas drillers, RIG/SDRL, both lower by around -5%

NFLX -3.2% @ $102s....   somewhat surprising.

VIX update from Mr P.   due

*seemingly a no-show today.


meanwhile.. London city has some sunshine...

*in the second pic, you can see a new tower appearing. Here in the NW part of London city, there are number of huge building projects that are set to span some years. I guess you could say bullish construction sector.

For a few hours at least today, it almost feels like summer.

back at 1pm