Tuesday 16 February 2016

12pm update - holding gains

US equities remain broadly higher, with the sp'500 headed for the 1900 threshold, which appears viable tomorrow. VIX continues to reflect a market that is somewhat twitchy, only -3% in the 24s. With the the USD +1.0% in the DXY 96.80s, metals are in cooling mode, Gold -$23, with Silver -2.6%.


sp'daily5



VIX'daily3



Summary

Seen on the bigger daily cycles, the bounce from sp'1810 looks secure into next week.

The bigger weekly cycles remain on the low side, and in theory.. 4 weeks battling up..  some chop.. and then breaking lower.

The monthly cycles are offering a major break lower across March/April.. and unquestionably..the default trade remains bearish.

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Meanwhile.. at the NYSE.. some traders have eyes on...


Sports Illustrated at the NYSE

I guess it makes for a valid segment on CFTV.

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VIX update from Mr T.



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time for tea