Friday, 25 July 2014

1pm update - battling for the 1980s

US equities remain moderately weak, with a possible spike floor (seen best on the Dow, hourly cycle).. at sp'1974. VIX remains relatively weak, with a max spike of just 6% to the 12.50s. Metals have bounced relative to the weak market, Gold +$6.



3 hrs left of the trading week...equity bulls should be content with any close in the 1980s..which seems very probable.

R2K remains especially weak (much like the Dow)

*I will hold moderately long - via the R2K (yeah...the weakest index), into next week.

Notable weakness: AMZN -10%, but still looks to set to recover.. a little

Update from Riley

stay tuned

1.35pm.. chop chop... another minor wave lower... first higher low?