Monday 14 July 2014

1pm update - Dow is stuck.. for a little

US equities are holding moderate gains, but the daily cycles are somewhat restrictive. Dow looks set to remain within the 16900/17300 zone for the rest of the month. Price action remains strong, with a VIX that reflects a fearless market, -3% in the 11.70s.


dow'daily


Summary

*metals remain very weak... but are flat lining after the opening gap lower. Miners are naturally weak, GDX -2.7%
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Little else to add...

back at 2pm