Monday, 17 December 2012

11am update - watch the transports

The opening gains are still holding to a large extent, but its nothing significant, and those on the long side have a problem as we proceed further into the trading day. Transports failed to break the 4 day top, and is showing initial signs of weakness. Despite moderate index gains, the VIX is holding together,




I am seeking a flat close, or preferably a touch <sp'1410. That'd set up Tuesday for a move to 1402/1398..where we might get stuck again.

Watching the weakness in AAPL and FB is quite amusing.

Trans, daily  - a very rare 5 candle spiky flat-top!

A red close seems very viable now.