sp'60min
vix'60min
Summary
A really frustrating day to see the sp'1430s again. On balance, we're likely to just see minor chop/consolidation this afternoon. Considering we have broken about the old highs, it'd be a little surprising if we managed to close under them.
Metals remain a little weak, despite weak $.
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A mere 2% needed
Now, here is the thing, a mere 2% swing to the downside, and we're right back on the borderline 1400 level.
Yet, it has to be said..so far..there is still ZERO sign of levelling out on the indexes, not least with the daily charts ticking higher again.
The markets reaction to the FOMC tomorrow will likely determine the rest of the year.
t-20 days until the cliff...and with no agreement... VIX 15s. Seriously?
Time for lunch.
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Ford..looking a little weak. Massive support at the 50 MA, about 90 cents lower.
Ford has had a good run since the summer lows, rising almost 50%.