Friday, 18 May 2012

11am update - Eyes on FB

Will the hysteria of FB...turn into retail trader horror? Just a brief update this hour, but a reminder also on the VIX.


Sp'60min



VIX'60min


Summary

Looks like the market is breaking out of the descending wedge (grey dashed line), but there is a long way until we're out of the down channel. SP'1335 top of the channel by end today....I'd like to see 1340s to really confirm it next week.

More across the day