Tuesday, 1 March 2016

2pm update - the bullish hysteria grows

With each point closer to the big sp'2K threshold, the bull maniacs are increasingly confident that we've seen the low for the year at 1810, and are now set for broad upside for the rest of 2016. After all, everything is fine now, right? Capitulation has also occurred in the oil/gas/mining sector, yes?



I think some merely need to go stare at the above chart for a full hour.. if not the next two weeks.

notable weakness...


The 2x leveraged TVIX is now in the mid $7s, and given another 2 weeks... the 6s look rather easy. Maybe 5s. In any case... VIX looks set to remain subdued.

back at 3pm