Monday, 15 April 2013

2pm update - minor bounce still viable

The sp' is holding in the mid 1560s..and any hope of closing the day gone. VIX is holding gains of 20%, but is starting to cool down a little. Metals and Oil remain battered, but the latter is especially suggestive of minor strength into the close.




Bears look okay for the mid-term..sp'1480/70s look a given in my view.


* I remain on the sidelines watching USO /Oil. Uncertain if I will short into the close (again)...right now..I think I'll wait until Tuesday.

2.49pm...ohoh, here comes the bounce