Tuesday, 4 September 2012

1pm update - crawling higher

Floor looks to be in, looking for 1410/15 tomorrow.



Nothing smells good right now, daily cycle is low, even best bear case is only 1385/90, and might already be floored.

VIX is clearly overbought, and a pullback to the 16s looks viable.

*notable stock movers, NFLX, FB, and BTU. Those coal miners sure could fall a long way yet.
back at 3pm