Wednesday, 30 December 2015

1pm update - continued weak chop

US equities remain moderately weak, but as is usually the case, there is high threat of a latter day recovery. A Thursday/2015 close at sp'2090 remains within range, along with VIX 14/13s. Metals remain weak, Gold -$7, with Silver -0.5% in the $13s. Oil breaks new intra lows, -3.5%.



*note the upper bollinger on the hourly cycle will be offering 2090 by today's close and across tomorrow

Little to add.

It is merely just a matter of how many hours until we break back into the 2080s.. and onward to next resistance around 2090. The 2100s look due next week.

Meanwhile.... on clown finance TV

Najerian, J. likes CBRL for 2016

CBRL, daily

As noted earlier, it looks far more vulnerable to the upside, than breaking the recent low of $123

back at 2pm