Wednesday 11 June 2014

12pm update - holding first support zone

Equity bulls are comfortably holding the first support zone of the low sp'1940s. A daily close in the 1950s remains very viable, not that it is necessary. Metals continue to see minor chop, Gold +$1


sp'60min


Summary

There isn't much to note.

Price action remains generally strong, and the 1960s still look likely before the next FOMC of next Wednesday.

*notable weakness in the airlines, UAL -4%
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VIX update from Mr T.



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time to cook