Thursday 16 May 2013

12pm update - green indexes..again

The market is holding slight gains after what was a muted morning.  USD is weaker, which is probably helping give the precious metals and Oil further upside. Daily VIX chart is warning of possible index downside for Friday/early next week.


SLV'15min



USO'60min


Summary

Another rather quiet day overall. AAPL has seen a rather strong reversal, from -$8 to +$8. Where do the market makers want to pin that stock tomorrow afternoon ?


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*I am very tempted to launch an SLV short later this afternoon. ALL cycles are ticking lower..daily, weekly, monthly.

Huge overnight downside potencial into next week.

I'm guessing a bear flag, maybe 2/2.30pm ...is shorting time.

VIX update...



back soon