Monday 14 December 2015

12pm update - new lows

US equities continue to unravel... unable to hold the giant psy' level of sp'2K, with a new low of 1993. Despite the current weakness, a daily close <1990 still looks unlikely today... and this week. VIX has built gains of 8% in the 26s. Metals are weak, Gold -$8, with Silver -1.4%. Oil is very choppy, currently +0.7%.


sp'60min



VIX'daily3



USO'daily2


Summary

No doubt some of the ultra-doomer bears are getting rather excited right now.

After all... the chatter continues about the QUAD-OPEX issue... we're going to crash right? This IS the end.. right? If that IS your thinking right now.. you're at the wrong site.

The current setup does NOT favour the equity bears once the FOMC is out of the way.
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VIX update from Mr T.




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time for tea...


12,28pm.. A sig' swing from 1992 to 2012....   indexes green...   and we have a pretty solid floor now.

King O' set to speak...