Friday, 1 March 2013

11am update - just another bear tease

Market seeing a significant bounce after ISM econ-data comes in better than expected. Most important to note today...the USD, 82.45 +50bps. - that IS very significant, and bodes especially badly for the commodity market this spring.




Still no turn on the underlying hourly MACD cycle, but it'll doubtless be confirming it this afternoon.

VIX, black candle on the daily...classic bear fail.

We ain't likely going any lower for some weeks.