Thursday, 12 September 2013

2pm update - sleepy afternoon

The US indexes are somewhat mixed, with the headline sp/dow close to flat again, but the Trans/R2K are starting to slide, the latter now -1.1%. Are the two leaders warning of some trouble into the weekend? VIX is holding slight gains of 1.5% at the 14 threshold.




Considering the run from sp'1627, it would be understandable if the market gets stuck for a few days, not least with the big FOMC next Wednesday.

What I am focusing on remains the bigger weekly charts, which are still outright bullish.