Tuesday, 26 January 2016

11am update - building gains

Equity bears are getting ground out of the market, as the market battles for a daily close >sp'1900. It would seem the market is now on a straight run to the 1940s, along with VIX 20/18 zone. Metals are holding moderate gains, Gold +$8. Oil is +4.8% in the $31s.




So.. we've a short term floor of sp'1875.

The 1940s look well within range before the weekend.

The ultimate issue is whether the market is set for a rollover beginning end of this week... or not until mid February. The bigger weekly cycles would be more suggestive of the latter.

notable weakness, NFLX -3.2%...

TWTR -3.3%
TVIX -4.7%.. as the VIX -4.5%

time to cook..........