Friday 31 October 2014

1pm update - equities holding gains

US equities are holding on to most of the gains built across the morning. Only a daily close back under sp'2000 would offer any hope that a retrace (if moderate) is viable next week. Metals remain exceptionally weak, having lost the 2013 floor, Gold -$28.


sp'60min


Summary

Suffice to say... end month afternoon chop... probably.

Even if some late day selling... a monthly close in the sp'2000s will be a huge victory for the bulls.
-

October.... what a month.