Tuesday, 15 March 2016

12pm update - naturally churning

With the econ-data out of the way, the market is naturally churning as the board of directors meet at print central. There is notable further weakness in the precious metals, with Gold -$1, and Silver -0.2%. Oil remains broadly weak, -2.5% in the $36s.. as the $40 threshold is fading away.


GLD, daily2


Little to add.

The hourly cycle will most certainly favour the equity bulls tomorrow afternoon.

re: VRX.  I checked the options chain... where there are gains of 5-10,000% for front month Puts. I'd guess at least a few smaller time traders are having the best day ever.

time for lunch