10am update - minor opening weakness

US equities open a little lower, but overall price action is very much one of underlying upside. Metals are a little higher, Gold +$2. Energy remains extremely weak, Nat' gas -2.9%, whilst Oil -2.1%


sp'60min

Summary

So.. we're a little weak, but overall, is it nothing for bears to get excited about.

Even a retrace to the giant sp'2000 threshold looks difficult by year end. 


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Notable weakness

DRYS -6% @ $1.06... set to lose the $1 threshold by year end.

Mr Market is clearly suggestive that this company is in danger of ending up on the pink sheets! No doubt, a fair few of the penny share pumpers will be involved on this one. 'one for the brave'... you could say.
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Oil/gas drillers, RIG/SDRL, both lower by around -4%. Outlook into early 2015 remains.... dire.