Thursday, 16 July 2015

12pm update - battling upward

US equity indexes continue to battle upward, with a new cycle high of sp'2122, with VIX having been re-crushed to the low 12s (intra low 11.97). USD is holding moderate gains of 0.3% in the DXY 97.50s. Metals remain weak, Gold -$4, with Silver -0.4%



There really isn't any resistance until the historic high of 2134.. after that... monthly upper bol' 2170s.

For now.. this is getting marginally frustrating, even though the broader trend was always expected to be higher into August.

meanwhile... the lunacy continues...

NFLX, daily

With EPS of 24 cents a year... the PE is now 470, but some still think that is a bargain. Crazy times.

VIX update from Mr T.

time for a cool drink.. or something