Thursday 17 April 2014

1pm update - the melt continues

US indexes are all trying to close the week in the green, sp +2pts @ 1864. VIX remains crushed, -5% in the 13.50s. Metals are melting lower, Gold -$5


sp'60min


Summary

Hourly MACD cycle rolling over, but prices are melting higher. For the bears, this is really tough price action to stomach.
-

A difficult day for yours truly, and I ain't even in any positions.  Maybe I am suffering from post blood-moon depression? Hope the rest of you are better.

--

2.06pm..ohh..is it another  hour already?

I'm busy..time for a late lunch....lol


2.26pm... (why start another post eh?)

Market making a play for the 1872 high.., and we're now around 55pts - 3% from the earlier low this week.
-

Notable strength: UGAZ +12%. , Nat Gas catching a fear bid, or am I missing something else?
 --

2.30pm.. Anyone watching CNBC Europe ?

The wondrous Lady Chatterley is being shown 'attempting' her little euro summary report, but it doesn't end so well for her. A little cursing, and then a restart..and then fade to black.

Bullish European presenters.