Tuesday, 29 December 2015

12pm update - naturally.. a bit stuck

The sp'500 has clearly got stuck in the 2075/80 resistance zone. However, the bigger daily/weekly cycles are bullish, and underlying price pressure should be enough to achieve a break through, whether today or tomorrow. VIX remains very subdued, -3% in the 16s.




Without getting lost in the minor noise, it should be clear that there is open air to at least 2090 in the immediate term.. and given a few weeks, the market should have a good opportunity to tag the upper bollinger in the sp'2150s or so.

notable weakness, DIS -0.5% in the $106s. Did Star Wars stop making money today? Is that the reason?

CREE -3.1%. I can't find any adverse news on that one. Will we not need lighting in 2016.?

VIX update from Mr T

time for tea