Wednesday 16 December 2015

11am update - dusk for ZIRP

US equities are starting to cool from the early high of sp'2059.. which is notably just below the 50/200 day MAs. Price action is naturally going to become increasingly subdued across the next three hours. Metals are holding strong gains, Gold +$13, with Silver +2.8%. Oil has imploded on the latest inventory report, -2.7%.


sp'60min



Summary

There is clear threat of a post-FOMC flash drop to 2025/20 zone.. before surging back upward.

Equity bulls should be pushing for a daily close in the 2050s. Anything >2065 would be a bonus.

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DIS is having problems...


The opening hourly candle was a stark black-fail... and indeed.. we've seen all of the gains lost.

Is this stock turning to the dark side?
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Meanwhile in London city...


Its dusk for the metropolis... and for ZIRP.
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time to cook