Friday, 26 July 2013

2pm update - bears in trouble

Market continues to broadly battle back upward, and the bears are in real trouble into the Friday close. Just another 5pts will make for a green close, and set up the sp'1700s..which have been teasingly close for the last two weeks.


sp'60min



sp'daily5



Summary

Looks like we're closing with the third hourly candle to the upside, those still holding short will no doubt be getting kinda annoyed.

VIX still looks set to close red, not least with the usual end-week smackdown in the closing 5-10mins.
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The usual lunacy...in AMZN


Since when did making a net profit matter? Urghh