Wednesday 6 February 2013

10am update - minor declines

Good morning. Minor opening declines, but really, this remains a laughable situation for the bulls. With the primary trends powerfully pushing higher, there remains no power on the bearish side. VIX is a touch higher, but the move of 2% is mere 'noise'.


sp'daily5



vix'daily3


Summary

I'm not expecting much of today. After all, why would anything happen today? There is no news...not much of anything.

In fact, today is just another prime algo-bot opportunity for recovery melt higher into the afternoon.

Bored already?