Thursday 12 September 2013

1pm update - minor chop continues

The market is holding slight declines, but so far the bears are not able to break back below soft support of sp'1680. Gold is still -$32. The 10yr yield continues to slip, -5bps @ 2.86. VIX is up 1.7% in the low 14s.


sp'60min


Summary

A quiet day indeed. the only issue is can the bulls manage another closing hour mini ramp?
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*looking on the bigger weekly charts, bulls can sustain 1675 without making things more uncertain.
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Not a dramatic rebound, but AAPL is holding above the important 50/200 day MAs


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