Friday 18 December 2015

2pm update - the battle continues

US equities continue to fight to hold the earlier low of sp'2013. Best case for the equity bulls right now is a weekly close in the sp'2020s, which would probably equate to VIX cooling back under the key 20 threshold. Metals are holding strong gains, Gold +$15, whilst Oil continues to swing... now -0.2% in the $35s.


sp'60min



VIX'60min



Summary

*stockcharts has finally fixed itself, intraday charts are back
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So.. two hours left of a roller coaster week.

Even if the bulls can hold the market above 2K into the weekend (seemingly probable) there is clearly threat of it happening next Monday.

At least its not boring, right?

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notable weakness...

DIS, daily


A real mess, having been tainted by a down grade. Even the CNBC host suggested the BTIG analyst had waited for Star Wars day to proclaim a target of $90.
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 stay tuned