Thursday 21 November 2013

2pm update - market holding together

The market is comfortably holding the sp'1790s...and things look pretty secure for the equity bulls. Upside into the 1800s..remains on track. Meanwhile..metals continue to attempt a minor bounce..before the downside resumes. Oil is holding gains, +1.7%


sp'60min (with metals)


Summary

*I thought I'd share a chart I am just watching across today...

sp'60min..no labels...but with the Gold and Silver (via GLD, SLV) overlaid.

You can see that whilst the market often tries to rally, the metals are affected..to some extent..but there is massive underlying downside pressure.
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*I remain patiently looking for my next SLV entry..am in no  hurry..will likely wait until early Friday.
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stay tuned!