Friday, 13 September 2013

11am update - no sell side volume

The main indexes are effectively flat, with the sp' holding the mid 1680s. The metals are a little lower, certainly..no major bounce to recover any of the Thursday big drop. VIX is flat, with the usual 'melt lower into the weekend' looking likely this afternoon.


sp'daily5


Summary

A dull end to the week. Frankly, there is nothing due now until next Wednesday.

Market should hold the 1680s into the Friday close, and if that is the case, then the weekly index charts will remain outright bullish, with likely upside for at least a few weeks.

sp'weekly8


yours
  trying to stay awake