Thursday 19 November 2015

3pm update - not exactly exciting, is it?

US equities remain moderately choppy, with only the R2K showing any notable action, -0.5%. USD remains in cooling mode, -0.6% in the DXY 98.90s. The weaker dollar is certainly helping the metals bounce, Gold +$11, with Silver +0.8%. Oil remains broadly weak, -0.4%.


sp'60min



R2K, daily



Summary

Its one of those days where I am even starting to struggle to settle on a post title.

Price action is increasingly subdued, as the market is consolidating the gains since Monday morning.

With opex tomorrow...  more chop... and regardless of any weakness into the sp'2070s... it will have been a week for the bulls.

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notable strength, precious metal miners, GDX +3.1%, but in the grander picture... its minor noise.
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back at the close