Thursday 21 November 2013

12pm update - algo bot churn

Equities are holding onto moderate gains, and we look set for some hours of algo-bot churn for the rest of today. The bears look powerless for the rest of the month. Metals are trying vainly to bounce higher into Friday. USD is a touch lower...whilst Oil is +1.6%


sp'60min


SLV, daily3


Summary

...things remain on track. Holding to all recent postings and relative targets.

Effectively..bears don't have much hope until December, and even then, we're only looking at maybe a 3-4% minor decline.

*I continue to think the metals are prone to much lower levels in the immediate term..along with a possible 'Sunday night surprise' giant gap lower'. I am looking to pick up an SLV-short block again..before the Friday close. 
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VIX update from Mr T.



time for tea :)