Monday, 12 August 2013

11am update - minor chop

The main indexes have already rallied back from the opening moderate declines. Yet, neither do the bulls look likely to break the sp'1700s today..if at all this week. The bears look weak, and entirely unable to break into the 1670s.


sp'60min


Summary

Indeed, I am seeking 3-5 days of flat..nothing in market land.

Market looks set to remain stuck between 1680/1700.
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*I am content to watch this nonsense play out until Thur/Friday.

No point getting involved - especially on the options market, where the volatility is not enough to make a trade worth while.