Wednesday 26 February 2014

1pm update - holding the 1850s

US equities continue to slowly melt higher, and a daily close in the sp'1850s now looks very likely. Precious metals remain weak, Gold -$11. The VIX is holding minor gains of 1.8%, but if sp'1860s, then VIX will turn back red.


sp'60min


Summary

So..we're moderately higher on the headline indexes...however...

R2K, daily


Significant gains of 1.1%, a new historic high for the second market leader. Again, that does help to clarify where we are headed in the early part of March.

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Notable mover: TSLA +4.2%


1.33pm.. chop chop..around 1850..the strength in the R2K really is important to consider.

notable weakness: UGAZ -9%...