Friday 10 April 2015

3pm update - a week for the bulls

US equity indexes look set for a net weekly gain, with an sp'500 close in the 2100s. VIX is reflecting underlying market confidence, -2.7% in the 12.70s. Metals are holding gains, Gold +$10. Oil is +2.0%... although price structure is arguably still bearish for Monday.


sp'weekly



USO,60min


Summary

*Oil remains a tempting long... but not at this price. I'll let that one slip into next week, maybe it'll drop early Monday.
-

A week for equity bulls.... there is little else to be said.
-

notable strength: GE +10.2%, as people start to fully realise 'omg... underlying bid into 2018'.