Tuesday 11 February 2014

12pm update - longing for the Bernanke

The US capital markets are so far content with the statement and answers from the Yellen. Yet.. a fair few traders/web posters are starting to acknowledge.... we'd rather have the Bernanke back. Metals are noticeably higher, Gold +$16, and aiming for the 200 day MA.


Fading memories..of the Bernanke

Summary

Coming from yours truly, noting a wish to have Bernanke back probably sounds bizarre, but hey...I did note it many months ago, that I had wished the Bernanke would have taken a third term.

The notion of 8 years of the Yellen....it is amusing to see many posters venting their horror at the realisation that we have many years of the Yellen ahead.

--
sp'daily5


The break above the 50 day MA is clearly significant, and we're now almost 4% higher in barely 5 trading days.

--

VIX update from Mr T.



--
time for tea
-

SUPER bonus chart for lunch...

sp'weekly8


We are now outright bullish on the weekly 'rainbow' chart.