Tuesday, 4 December 2012

2pm update - bulls trying...so hard

The market is still yet to break the big sp'1400 threshold, and the bulls are clearly getting desperate to at least close the market flat. A green close is possible, not that it should particularly concern those holding short into Wednesday.


trans'60min



sp'60min



Summary

We're seeing a little micro-wave higher, but still, its looking like sp'1385 will be hit tomorrow.

I could be wrong of course, but really, ALL the charts are supporting such an outlook, and 1385 is merely the first target, its not exactly calling for overly bearish outlook.
-

*lots of econ-data tomorrow, so, it is possible we'll gap open a little higher, either way, I don't care.

I'll hold comfortably overnight.

Anyone wanna still be long AAPL, with a looming Death Cross this Friday?


I didn't think so.
 -

UPDATE 2.30pm Anyone think the VIX won't be in the 19s within a day or two?


We're going to the 19s,...aka sp'1385....the only issue is whether can break VIX 20'..and back into the sp'1370s.
--