Friday 14 November 2014

2pm update - still minor chop

US equities continue to see the same old minor chop.. if a little fractionally weak. With two hours to go, there is still plenty of time for a weekly close back under the daily 10MA of sp'2031. Metals have built very strong gains, Gold +$26 (2.4%).


spdaily5


Summary

Little to add.
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With the USD now moderately lower, Oil.. along with the metals are getting an extra boost.

Still... broader trends remain the same.
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Notable strength, TWTR +3.4%, AMZN +3.7%... momo stocks having a reasonable end to the week.