Tuesday 20 November 2012

3pm update - closing hour chop

The market is holding around the 200 day MA once again, after the previous hour mini wash-out. Considering the daily cycle, there is little reason to believe anything has changed. VIX is a touch higher, but its to be classed as mere noise.


sp'60min



vix'daily


Summary

Its getting a bit choppy, and aside from the moves in HPQ and BBY, its a little (dare I say)..dull.

..and that's why I won't be part of this until next week. No point.
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*I don't expect much tomorrow. The hourly cycle would offer potential downside, but it'd surely be brief at best.

back after the close