Friday 20 March 2015

2pm update - afternoon minor chop

US equities are comfortably holding significant gains, with the sp' +23pts @ 2112.. a mere 0.3% from breaking a new historic high. The USD is seeing considerable weakness, -1.7% @ DXY 97.50, which is really helping 'inspire' the precious metals and WTIC Oil.


sp'daily5



R2K, daily


Summary

*notable new historic high in the R2K of 1266...   when will the mainstream start talking about 'R2K @ 2K'? Oh yeah.. when the Qe/paper bubble is about to blow up.
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Little to add.. on what is turning into a classic quad-opex afternoon of minor chop.

Notable strength: copper miners, FCX +8.4%