Friday, 15 March 2013

10am update - choppy quad opex

The main indexes are a touch lower, yet there really isn't any power on the downside. Most noticeable so far, a second day of weakness in the USD, and its broken the daily 10MA. A 1-2 week down cycle is quite probably now underway. Oil and the metals are moderately higher.


sp'daily5



vix'daily3


Summary

A little mild chop to start the day, but again, its nothing the bears should get interested in.

VIX is +4%, but again, thats just noise, and we could still close red.

*I am still long SLV, but looking to drop later today in the 28.10s
--