Tuesday, 10 November 2015

12pm update - choppy weakness

US equities are choppy, but remain leaning on the weaker side. A test of the 200dma of sp'2063 is viable within the immediate term. USD is holding gains of 0.4% in the DXY 99.40s. Metals are mixed, Gold +$2, with Silver -0.9%. Oil continues to see minor swings, +0.8%.



A fifth consecutive net daily decline looks due.... and if things unravel this afternoon, the low 2060s are well within range.

notable weakness...

TSLA, daily

Having got stuck at the 200dma.. on lousy earnings.. reality is again returning to the stock, -3.8% in the $217s. Oh, and yes, a death cross is imminent for TSLA.

VIX update from Mr T.

time for lunch