Wednesday 3 September 2014

12pm update - minor down cycle

US equities have turned a little lower, from the earlier high of sp'2009. There is particular weakness in tech, with AAPL leading the way lower, -4.4% in the $98s. Oil continues to build gains, +1.5%, whilst Nat gas' remains weak, -1.5%.


sp'60min


AAPL, daily


Summary

Much the same as yesterday..and last week.

New highs..with minor chop... a touch of weakness... but the broader trend remains UP.

It is remarkable to see the audacity of some out there who have the guile to post super bearish outlooks, whilst we regularly break new historic index highs..
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VIX update from Mr T.


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time for lunch