Monday 2 April 2012

Another Bullish Monday

Okay... not the most exciting of days, but it'll do. The early minor opening decline...as expected..failed..and then another slow motion melt up. I can only imagine how annoyed some of the bears were again with today. There are such a lot of dire econ-news stories out there right now - especially about Spain, but the markets are relentless.

Sp'60min cycle...



VIX' 60min


VIX, double cycle lower, trying.. to claw up..but could just easily fail again at the Tuesday open. Again, whilst we're still under 20, this is all noise.


Tuesday?

The hourly index cycles look toppy, but we could easily open up again Tuesday. I'm not meddling.. I dropped a call block earlier, so..no positions to start tomorrow. There is econ-data all this week..including the  big jobs data Friday -but we're closed then anyway.

more later...probably.