Wednesday 20 August 2014

11am update - renewed upward melt

Equities resume the algo-bot melt to the upside.. sp @ 1983. Hourly charts will offer 1995/2000 zone on a 'spike high' this afternoon. VIX is melting lower... -2% in the 11s. Notable continued strength in the USD, +0.2% @ 82.05.


sp'60min


Summary

For many, this is indeed just tiresome.

Nothing much to expect until 2pm.. and even then..there is threat of new historic highs.

This is no market for the bears.
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Notable strength: airlines, UAL +2.1%