Tuesday 30 April 2013

12pm update - market switches back to invincible mode

Market seems to have switched on invincible mode this morning. After a recessionary PMI number, the indexes are back to green, and we're breaking higher. Nasdaq is climbing to new post 2009 highs, lead by AAPL +2% in the $440s. Oil/metals remain somewhat weak.


sp'60min



vix'60min


Summary

I think many are getting real tired of this.
-

VIX can't even hold the 14s, and we have a market that could close in the sp'1600s.


..meanwhile..another sign of our healthy US algo-bot market....

Symantec..1min



Great huh, a truck load of stops just got hit..and then..BOOM, right back up.

see ZH for further talk on 'flash crash of the day.