Thursday, 25 July 2013

11am update - underlying pressure remains up

The main indexes are mixed, sp is flat, but the Transports is -0.8%, and the R2K is now +0.2%. Considering the QE, and recent few weeks, there is no reason to not expect the market to close at least moderately higher. VIX looks similarly maxed out on the hourly cycle.




Little to add, on what is just another stupid day.