Tuesday, 24 September 2013

10am update - even less downside power than yesterday

The main indexes open a touch lower, but the bears look even weaker than yesterday. Baring a sporadic news story, it is likely just a matter of when..not if, the market resumes the underlying upward trend. Despite a slightly weak market, VIX is fractionally lower.




It doesn't look like we'll see much market action today, a day of nothing seemingly looms.

For those only interested in the bigger picture..its arguably a case of turn your screen off..and come back next Tuesday (Oct 1st).

*metals open lower, with Gold -$7. No doubt the gold bugs are still a bit rattled from last Fridays decline.