Wednesday, 29 October 2014

10am update - I have the power

US equities break a new cycle high of sp'1991, although the VIX is not particularly confirming the move. Metals remain weak, Gold -$4, and this is really impacting the miners, ETF of GDX -1.3%, set to lose the $20s.



... the power is back, much faster than expected.... thank the gods.

Bullish private electrical contractors.

This mornings musical interlude...

more soon...

10.34am... chop chop... looks like we can settle in for chop in the 1985/95 zone.

VIX remains twitchy.... +3.5%... not aware if there are any major call buying...  but probably some are.

Momo stocks weak... TWTR -3%... FB -6%  ... near term outlook for those ain't pretty.