Monday, 30 November 2015

10am update - opening minor gains

US equities open a little higher, as underlying price pressure remains to the upside. Sustained action <sp'2080 looks unlikely today.. and this week, as the sp'2100s look a given. Gold +$3. Oil +0.6% in the $42s.




*Chicago PMI: 48.7... and that IS recessionary, a valid excuse for the Fed not to raise at the Dec' FOMC.

A fair bit of minor chop to start the week.... as Mr Market battles to pick a direction, and run with it.

Yes, the VIX looks like it wants to break up and out... but... I'm guessing. no.

notable opening weakness...


.. and I like DIS at this level, having cooled from $120.