Thursday 23 April 2015

10am update - opening weakness

US equities open a little lower, but a latter day recovery again looks due. All US indexes look set to break new historic highs into May. Metals are seeing minor gains, Gold +$2. Oil is building early sig' gains of 1.3%.


sp'60min



Summary

*I exited TWTR-long at the open... it was an increasingly annoying trade...  will consider entering ahead of earnings (next Tuesday at the close).

Right now, I have eyes on Oil, but I ain't much interested in chasing the opening gap higher.
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So.. equities are lower, but really.. we know how this will likely end today.. right?
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notable weakness, BTU -3.9%.... breaking a new multi-year low in the $4.60s.


Another success story for the US Govt's 'war on coal'.