Thursday 10 January 2013

3pm update - algo-bot meltup

Market appears in classic zero volume meltup mode. No real news..and just very minor melt..to the upside. A break of rising micro-trend support, which at the close will be 1462, even looks out of range.


sp'60min



vix'60min


Summary

Dull..dull..dull. Friday can't be any more boring, can it?

A close in the 1450s sure doesn't seem at all possible now.  Very disappointing few days.
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AAPL still looks weak, as does AA, post earnings.
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