Monday, 17 August 2015

11am update - morning rebound

With no sig' downside power, the bull maniacs have already managed to turn most equity indexes fractionally higher. Key resistance remains around the sp'2100 threshold... a mere 0.5% higher. VIX saw an opening hourly black-fail candle.. reflective of bearish exhaustion.




Suffice to say... a truly lame opening 90mins for the bears.. as especially reflected in the VIX.

notable strength: miners, GDX +2.3%... as Gold holds minor gains of $3.

weakness, oil/gas drillers, RIG/SDRL, both lower by -1.5%.. as Oil battles to hold +0.5% in the $42s.