Wednesday 14 August 2013

1pm update - minor chop continues

The main indexes look to be holding the earlier low of sp'1686, with VIX maxing out at 12.79. Precious metals and Oil are holding moderate gains. Bulls seem unlikely to break 1700, but then..neither do the bears look able to break <1680 until next week.


sp'60min


Summary

Relatively quiet day...unless you're an AAPL/CREE stock trader. More on those later.
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Without question, for most, there is no point in trying to trade this.

I remain content to wait until Friday.