Thursday 9 August 2012

10am update - morning chop

Very little happening, VIX is flat, remaining in the lowly 15s.

A market of no volume..and no fear, with the occasionally algo-bot going insane. Great huh ?


sp'60min


Summary

Only a break into the 1340s - some 4% lower, would start to reverse the bigger up trends.

Its really starting to look like there is no point trading this nonsense until after we get past the labour day holiday.

Come back September 4'th?