sp'daily5
vix'daily3
Summary
Underlying MACD cycle on the VIX daily continues to crawl higher, but we're still a few days away from going positive cycle. Even then, maybe we'll get stuck in the 14/15 range, without even testing the 16s.
World markets are extremely strong, only a few of the EU PIIGS are still lagging.
It has to be said..for the bears..2013 looks to be an even more frustrating year than 2012.
All those seeking a collapse wave, ala'2008, probably best turn off, come back in 2016.
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Ohh..and AAPL..is now stupidly under-priced, not that its floored... yet.
How can a stock that earns $60 a share - a PE of 8/9.. and yet AMZN earnings are almost nothing, and have a PE of 3000 ? Same for NFLX. Earns <$1 a year, and PE of 200, and yet that stock has doubled in recent months.
It remains a..stupid market. The notion of fair value completely gone..right now, on both sides of the spectrum.
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GLD, daily
With the break of the bear flag..we'll surely come down to test the 158 level. If Mr Market wants to wash-out the gold bulls with stops..then a brief move to 155 seems likely by mid-February.
VIX call buyers...
back later