Thursday 7 February 2013

10am update - morning skirmish

Mr Market is opening with some minor chop. Bulls will obviously want to bust over sp'1515..whilst the bears need a close back <1500.  Dollar is moderately higher..slipping into the DXY 80s. Metals have seen a moderate snap lower just earlier.


sp'daily5



vix'daily3



SLV, daily


Summary

Minor weakness...as I type, but really, why would today be any different than yesterday?

Even a close <1500 is largely irrevelent, and anyone touting doom needs to go stare at the POMO schedule for a few hours.
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