12pm update - VIX battling higher

Whilst the indexes see yet further minor choppy churn, the VIX is showing some very subtle, but important strength. On the rainbow chart, VIX has its first green candle of the year, the VIX 16/18 gap zone looks set to be filled sometime soon.


VIX'daily2

VIX'daily3

Summary

Certainly, its not a particularly bearish start to the week, but then, neither are the bulls ramping it into the sp'1520s. Market is exhausted, the only issue is can we retrace all the way down to the lower rising support in the 1450/40s.


AMZN remains weak, with earnings tomorrow.

Want to go long this stock, with a PE in the 3000s?

AAPL seeing a little spike, but it remains a 'broken stock'.
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*will probably add some other bits and pieces in this post across the next few hours.

UPDATE 12.50pm... video on the VIX...from mr T.




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