Friday 11 December 2015

2pm update - market apocalypse?

US equities remain significantly lower, with the sp -33pts @ 2019 (intra low 2013), and VIX +27% in the 24s. All US indexes are set for severe net weekly declines of around 4%. There remains further viable downside to the sp'2000/1990 zone.. and that will likely equate to VIX in the high 20s.


sp'60min



VIX'60min



Summary

So... a bearish end to the week... with the VIX clearly set to close above the key 20 threshold. That in itself bodes for further weakness next Mon/Tuesday.. ahead of the FOMC.

The only issue is how the Fed will react to this weeks upset. No doubt some of them will be real twitchy this weekend.

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Meanwhile... speaking of an Apocalypse...



I'm not sure Sansa Stark is going to fit into this movie. Further.. Apocalypse himself sounds almost exactly like Ronan the accuser from Guardians of the Galaxy. Hell.. they're also both blue!

Why are so many of the bad guys blue these days? Whatever happened to devilish red?