Monday, 19 October 2015

12pm update - back to positive

US equities are starting to turn positive, and a daily close in the sp'2040s looks due.. whether today.. or by Wed. All indexes look set to test their respective 200dmas.. equiv' to sp'2059/60. VIX has naturally turned negative... breaking into the 14s. The 13/12s look due if sp'2060s.



Little to add.

Underlying upward pressure should be apparent to even the more biased of equity bears.

The bigger weekly cycles are seeing bullish MACD crosses today on some indexes.. and that bodes for a straight UP route into November.

notable morning reversal in NFLX, having cemented a short term floor of $96.26.


First target for the momo chasing maniacs will be a daily close back above the psy' level of $100. After that... 106/107.

VIX update from Mr T

time for tea