Friday, 20 November 2015

12pm update - holding gains

US equities continue to hold moderate gains, and the only issue is whether we see a weekly close above or below the sp'2100 threshold. Considering ongoing price action, along with the bigger daily/weekly MACD cycles... a close in the 2100s is viable. Metals remain weak, Gold -$4, with Silver -1.0%.


GLD, weekly


re: Gold. Set for the fifth consecutive net weekly decline, having broken a new multi-year low of $1062.

Of course.. the floor callers are still out there. For now.. there is simply not enough capitulation in the precious metals mining sector.

VIX update from Mr T.

time for tea :)

12.15pm.. oh noes... seat belt problems for TSLA

A company that loses money on EVERY single sale.  Not bullish.