Monday 19 August 2013

12pm update - sleepy market

The main market remains in minor chop. Bulls are weak, and with no news due until Wednesday..or sig' QE until Friday, who wants to buy? Bears seem similarly weak though, but a daily close <sp'1650 looks unlikely. Metals remain weak, Gold -$9


sp'15min


sp'60min


Summary

*I am keeping in mind the FOMC minutes - due Wed' 2pm. Will that be the excuse the market wants to get back into the 1680s?

For the moment, I remain content to just watch.
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VIX update from Mr T.



time for lunch!