Wednesday 17 April 2013

2pm update - market floored

It now looks very likely that the market has floored for this week, and there is now general upside into the Friday opex. The VIX is cooling down, and is now back in the 16s. Target for the Friday close is sp'1570/75, with VIX in the mid 13s.


sp'60min



vix'60min


Summary

Looks like we have a pretty secure floor @ 1543.
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*I hold long Oil, into Thursday