Friday 20 September 2013

12pm update - just a minor down cycle

The main indexes are seeing a little weakness..as expected. Market should be able to find support around the 1710 level. Bears still remain powerless, not least reflected in a VIX that earlier broke lower to 12.52. Precious metals remain significantly lower, Gold -$25


sp'60min


Summary

*yours truly remains..carefully watching. There is no hurry to go long, but even more so..I'd absolutely not be chasing this lower on the short side.
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Well, the bulls have had a very strong week, even a brief foray to sp'1710 will do no damage to the bullish weekly trend.


VIX update from Mr T.



time for lunch
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Ohh, and for the bears out there...Armstrong has something to say on the Dow


12.30pm.. well, we're in the zone I was looking for last night.

No sign of a floor yet, i'll give it until 2pm I think..