Thursday, 29 October 2015

3pm update - 7.2 points

US equities remain in a rather bizarrely tight trading range of a mere 7.2pts. Price structure is arguably still one of a topping formation..  snap level at the Friday open will be sp'2075. VIX is holding minor gains of 2.6% in the 14.70s.



So.. err... 7.2pts... its not exactly exciting, is it?

Tomorrow can only be more dynamic.. yes?

notable strength...

AAPL, +1% in the $120s

AAPL is managing to continue climbing after good earnings.... but it looks way over stretched.. and will be vulnerable as the broader market rolls over into next week.

back at the close.