Thursday 10 December 2015

3pm update - net daily gains

After a few hours of price chop, US equities have resumed upward and are set for borderline significant net daily gains within the sp'2065/70 zone. A weekly close >2075 looks overly difficult.. as there remains anxiety ahead of next weeks FOMC, along with continuing weakness in Oil, -1.1% in the $36s.


sp'60min



USO'daily2



Summary

*the hourly upper bollinger will be around sp'2075 in the closing hour/early Friday, and that should restrain the bulls into the weekend.
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An Interesting.. if somewhat tedious day (if that makes any sense).

I'd rather just jump ahead to next Wednesday afternoon... lets get this damn int' rate rise out of the way!
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notable strength... energy

CHK +3.4%
CNX +12%
RIG/SDRL +1.5%
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back at the close