Wednesday, 5 August 2015

12pm update - a little cooling

US equities have cooled a little from the earlier high of sp'2112, but still.. equity bears should be seriously concerned until the market sees a complete fail.. back under the sp'2100 threshold - along with VIX 13s. For now... despite huge issues in giants like AAPL and DIS, the market just doesn't care.



Little to add.

notable weakness... Discovery.. having disappointed on earnings.

Yet another stock with a clear break of trend... as seen even better on the monthly cycle. Target is 25/22.

VIX update from Mr T.

time for tea.. or a bucket of sedatives.

12.22pm... sp'2102... and that is starting to become a notable FAIL-spike

Hmm.. still, I can't be even remotely calm until we're under 2100... pref' with a net daily decline.. to solidify the third rally failure.