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.


sp'60min


Summary

Not much going on is there?



Hourly MACD cycle is pretty low now, plenty of potential for another stupid 12/15pts on the upside.
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*I'll hold silver -via SLV, overnight..still looking for low 29s.

back after the close