Tuesday, 12 January 2016

10am update - opening gains

US equities open moderately higher, and are already in the sp'1940s. First target remains 1970, and that looks a given, whether by Friday/next Tuesday. VIX is naturally continuing to cool, -9% in the 21s. Oil is bouncing, +2.2% in the $31s. Gold -$10.




Near term outlook is pretty clear, right?

... whilst keeping in mind the bigger bearish weekly/monthly cycles.

yours truly is more than content to watch this nonsense climb to the 1970/90 zone... at which point it will be time to hit some buttons again.

For those of you long from the 1920/00 zone.... congrats.. and enjoy the ride higher.

notable movers...

TVIX -9% in the $7.90s, almost a full $3 below the Monday afternoon peak

AAPL +1.5% @ $100