Monday 14 October 2013

11am update - very quiet morning

The main indexes are moderately lower, with the sp -0.4%. The only notable move is in the VIX, +12% in the 17.60s. Metals are holding gains, Gold +$12. Oil is a touch lower, but looks set to jump higher across the next day or two.


sp'60min


dow'daily2


Summary

It really is quiet out there, although partly, that is likely due to the US holiday.
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Today is probably just a minor retracement before the next lurch higher.

For the big money, the obvious stop area are the dow 14700s. Anything under that, and it makes the mid-term picture bearish.

The question remains....do you think a zombie apocalypse is coming this weekend?

If so, then you have far more important things to be concerned with, than this sleepy market.