There remains
significant weakness out there in market land. The VIX is comfortably
holding the 20s, and is looking to make its first spike to the
upside...first target zone would be somewhere around 24-26.
vix'60min
Summary
For the bears, a close
<sp'1406 would be useful, especially in terms of the weekly index
charts.
Sub 1400/1398 would be
a real bonus, but that is probably overly hopeful.
--
Who wants to go long into the weekend?
*back after the close,
although my net is so lousy this afternoon, it might be some hours
until I get to post the closing updates.