Wednesday 2 October 2013

12pm update - there is no downside power

The main indexes are moderately lower, but there is still a distinct lack of power on the bearish side. Despite the continuing (limited) US Govt' shutdown, the market does seem to realise its not actually important, and just another round of the political maniacs playing games.


sp'daily5


Summary

I'm tired of today, tired of the lack of downside power (although clearly some of you would disagree), and tired of the stupid little games played in the name of politics.
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Market will surely just battle higher...a close in the 1700s would really spite the bears..and open up the more important 1710 level.


VIX update from Mr P



time for lunch