Tuesday 30 September 2014

11am update - equity bears still failing

US indexes remain moderately mixed, and despite some earlier minor weakness.. there is little reason for the bears to not have waved the white flag. VIX is unable to hold the minor opening reversal/gains... now -3%. Metals are choppy, Gold -$4


sp'60min


VIX'60min


Summary

*I exited the short-index block of last Friday...from sp'1972 this past hour. I've little patience after yesterdays bounce, with zero interest in going long today.... will merely see how the month/Q3 ends
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Its only Tuesday, and this week is already pretty tiresome.

Bears had a chance...failed yesterday...and apparently..looks like we'll probably close moderately higher.

Regardless, this is no market I want to be involved in...

yours... sidelines

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11.30am.. sp'1984... and that is already 12pts above my 'white flag.. tired of this nonsense' exit.

Little else to add... bears look powerless...  as reflected in  VIX -5%