Wednesday 31 October 2012

3pm update - last trading hour of October

Just one hour left of the trading day..and month. There will probably be a little more dynamic action this hour. The bears would do well to see a close at the low of the day, with VIX 19s. That seems a little on the doomy side though, I will admit.


sp'daily5



VIX'daily


Summary

So, lets see if we see a little sell side volume in this closing hour. There is plenty of econ-data tomorrow, and with the ADP jobs (September numbers) being revised 50% lower, its not exactly the recovery that even the moderate bulls were hoping for.
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*Later this evening, I will cover about how we closed the month.

More after the close.