Monday 5 November 2012

Closing Brief

The market manages a moderately higher close, but still considerably lower than the Friday morning peak. Despite the moderate index gains, the VIX held slight gains of 3%.


sp'15min



sp'60min


Summary

The bear flag on the 15min cycle was obviously briefly breached in this closing hour, and doubtless some would have been short-stopped out..yet again.

This market remains stuck back in the war zone from last week of 1420-00.

Weekly/monthly charts across multiple indexes - and commodities, suggest we'll soon be underneath that war-zone.

The usual bits and pieces across the evening.