Thursday, 1 November 2012

10am update - bulls trying to breakout

The market is again trying to break higher, although we're still lurking within the 'war zone', at least on the big sp'500 index. The VIX is already 5% lower, wiping away all of yesterdays minor gain.


sp'60min



sp'daily5


Summary

A somewhat rough start to the day for the bears, but then...we've seen it in the previous FOUR trading days.

So, lets see if the bulls fail to hold the moderate 0.5% gains for a fifth time.

Just how many damn opportunities are those deluded maniacs going to get for a counter-ramp?


back at 12pm