Thursday, 27 August 2015

12pm update - still due a down wave

After another micro wave higher to sp'1980, the smaller equity cycles are still threatening of weakness across the afternoon.  VIX remains in broad cooling mode, -13% in the 26s. USD is building gains, +0.7% in the DXY 95.80s.




Well.. we've managed to push higher... and all is well, yes?

No doubt, many will get real twitchy if the market slips into the 1950s.. whether late today.. or early tomorrow.

To be clear though.. a move above sp'2000 looks due.. and hence.. I have a no-shorts policy.. probably until mid Sept'.

*I remain on the sidelines... have eyes on another AAPL-long, but not at this level... nor time.

time to see what the cheerleader maniacs are saying on clown TV.