Thursday, 7 March 2013

3pm update - chop into the close

There is no reason why market is going to do much in this closing hour. What it does do, is give everyone a chance to position ahead of the jobs data. Bulls should look for VIX to spike lower into the close in the 12s. Dollar remains a little weak.



Not much going on is there?

Hourly MACD cycle is pretty low now, plenty of potential for another stupid 12/15pts on the upside.

*I'll hold silver -via SLV, overnight..still looking for low 29s.

back after the close