Friday 9 January 2015

3pm update - clawing upward

US equities look set to continue to claw higher into the weekend, from a morning low of sp'2038... a close in the 2050s seems very viable.. with VIX 16s. Metals are holding rather sig' gains, Gold +$13. Oil remains weak, -1.1%


sp'60min


Summary

An interesting week... we broke lower than I had expected... but the strong rebound from sp'1992 was not a surprise.

No matter how twitchy the market might get... the underlying broader upward trend remains the case.
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back at the close... to wrap up the week