Wednesday, 17 July 2013

1pm update - another micro ramp

Market remains in a rather subdued mood, despite the Bernanke. Hourly index charts are offering significant upside into early Thursday. VIX is very weak, -3% in the high 13s. Gold/Silver remain weak, Oil is holding moderate gains.



With 3 hours to go, lets see if the algo-bots like the fed-speak in the latest beige book..due @ 2pm.

On balance, I have to guess we'll just battle/melt upward into the close.

There seems no reason why the sp' won't be trading in the 1700s 'soon'..