Wednesday 30 January 2013

2pm update - awaiting the Fed

Mr Market remains in a holding pattern..awaiting the Fed press release at 2.15pm. Lets see if we get a crazy spike..which may include an initial fake-out...up or down!  VIX is holding onto moderate gains of 4.5%


sp'daily5


Summary

...waiting!

Bears sorely need a daily close <1500, with VIX in the mid 14s.