Thursday 13 November 2014

11am update - building gains

US equities break the usual trio of new historic highs.. in the Dow, Sp'500, and now also the Trans (9115). VIX has turned red. Metals are holding minor gains, Gold +$2. Energy remains very weak, Oil -1.5%, whilst Nat' gas -0.7%


Dow, daily


Summary

There appears a near complete absence of anyone who wants to sell. No doubt.. the BoJ are out there buying... would be useful to know just how much they are buying each day.
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Notable weakness, SDRL, -2.6% @ $20.79... set to lose the $20s... broader target is $12.
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11.17am... Market reversal underway... lead by weakness in the R2K

VIX +3%...  but really, there is serious weakness in energy stocks.... many are -3%