Wednesday, 30 December 2015

2pm update - trying to build a floor

US equity indexes are trying to build a floor from a low of sp'2069. The hourly, daily, weekly, and monthly cycles are all offering 2090 for the yearly close. VIX remains relatively subdued, +4% in the 16s. Metals remain weak, Gold -$7, with Silver -0.5%. Oil is notably weak, -3.1% in the $36s.




Seen on the bigger daily/weekly charts, there is clear resistance around 2090. It will take some significant new years buying to break the market into the 2100s, but it does look due.

notable strength: CBRL +0.4% in the $126s

TSLA +1.5%

back at 3pm