Thursday, 29 August 2013

12pm update - bears need a daily close in the 1630s

The main indexes are holding moderate gains, with the sp' back in the 1640s. Without question, the bears should be desperate to keep a lid on this, with a close back under the 100 day MA @ 1639. Metals are weak, with Gold -$9...Oil is a touch lower.



So...the bulls are making a play to get a second daily gain.

I think the bears can tolerate a 'small gain', but preferably back <1640 at the close.

VIX update from Mr T.

Keep calm ? I think I need another tranquiliser, urghhh

time for lunch