Tuesday 5 February 2013

12pm update - just another day in algo-bot land

Yet again, the bulls have the right to laugh themselves silly. Bears can't even string together two moderate daily declines in a row, but then..what else is new? Dollar is now a touch red after earlier gains, with the VIX -6%


sp'daily5



vix'daily3


Summary

If these levels of gains hold, then it will be yet another total shameful embarrassment for the bears. Its still viable we rollover, but really..its going to difficult just to close flat.
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Metals are still stuck under declining resistance..


back later