Monday, 13 July 2015

3pm update - holding the gains

US equities are set to close significantly higher for the second consecutive trading day. With price structure of a baby bull flag, there is threat of a Tuesday gap above resistance at the sp'2100 threshold.. opening up marginal new historic highs (in some, but certainly not all indexes) into early August.


VIX weekly'2


*VIX is really getting ground lower today.. pretty amazing to see the 14s... having hit 20.05 last Thursday.

An interesting.. if somewhat subdued start to the week.

Right now... there seems ZERO point in being short.
notable strength: tech,  AAPL +1.8% in the $125s