Wednesday 25 November 2015

12pm update - naturally flat lining

US equity indexes have naturally started to flat line as anyone at least semi-human will not want to get involved ahead of the Thanksgiving break. USD has cooled a little from the giant DXY 100 threshold, +0.3% in the 99.80s. Metals remain a little weak, Gold -$3. Oil is -1.1%, but well above the earlier lows.


sp'60min



GLD, daily



Summary

*Gold, Silver, Copper, all remain broadly weak, and look set to break new lows.. and that will of course not help the related mining stocks... no matter how strong the broader market might be into year end.
-

So far today, the sp'500 trading range is 6.53pts... barely 0.3%... and it would seem the 2100s won't be hit until after the holiday.. or even more viable... early next week.

notable weakness..

Airlines, DAL/UAL, both -1.3%

Oil/gas drillers, RIG -1.3%, SDRL -3.9%...  but they still look vulnerable to upside in the near term.. along with Oil.

--
Meanwhile.. in London city...


About as good as could be expected for late November.

-
time to see what the cheerleaders on clown finance TV are trying to pump...