sp, daily5
VIX, daily
Summary
A relatively quiet afternoon chop in the 1365/75 range seems likely. As noted earlier, even a break lower to 1330 would still keep things within the new up trend.
VIX remains low, and the gains so far are still weak.
Thursday, 5 July 2012
1pm update - afternoon chop
After the opening losses, those bears getting excited will doubtless be frustrated by now. There is no decisive break lower, and we could still close green.
sp, daily5
VIX, daily
Summary
A relatively quiet afternoon chop in the 1365/75 range seems likely. As noted earlier, even a break lower to 1330 would still keep things within the new up trend.
VIX remains low, and the gains so far are still weak.
sp, daily5
VIX, daily
Summary
A relatively quiet afternoon chop in the 1365/75 range seems likely. As noted earlier, even a break lower to 1330 would still keep things within the new up trend.
VIX remains low, and the gains so far are still weak.