Thursday, 1 August 2013

12pm update - maximum arrogance

The market is comfortably holding the sp'1700s, and the bulls - not least those maniacs on clown finance TV, are probably approaching max-arrogance. After all, the economy is fixed now,  and the Fed will stop any 'problems' from ever happening again.

sp'weekly8 - mid-term outlook


*Oil remains strong, +2.2%, whilst the metals are weak, Gold -$13

I just wanted to highlight the weekly chart, upper bollinger is now 1716...and if we're in the 1710s tomorrow, it'll climb further to around 1718/20.

On any basis...I will be shorting the main indexes on any spiky move into 1715/25 tomorrow.

time for lunch :)