Wednesday 28 August 2013

10am update - tired of the noise

The market opens with some mild chop. Certainly, neither the bulls or bears can tout anything significant. Regardless of any intra-day bounce, primary trend remains to the downside. Metals and Oil are both higher on the building war-talk.


sp'daily5


vix'daily3


Summary

I'm tired of getting lost in the 'minor' noise. I think I might skip posting any smaller cycle charts for at least a bit.

Indexes are 'broadly' falling....VIX is 'broadly' rising.

That sums it up..right?
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*I remain long VIX, seeking an exit on the next big jump..which clearly won't be this morning..if not until Thur/Friday.