12pm update - continued melt

The equity indexes are somewhat mixed. Trans/R2K/Nasdaq, are flat..to a touch lower, whilst the Sp/Dow are holding moderate gains of around 0.25%. Metals and Oil are both weak. Market looks set to claw slightly higher into FOMC Wednesday, whilst there remains a near complete absence of sellers.


sp'daily5

Summary

*AAPL is failing to attract any significant buying interest, now -$7, however bears are unable to kick it below the big $500 threshold. Broad  trend looks bullish into the 540/50s.
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Daily charts will be offering the sp'1790s tomorrow.

Small chance of a reversal spike to 1785/95 tomorrow...with minor downside to a gap zone in the low 1730s. I still think its now entirely implausible to assume <1700 for the remainder of this year.
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time for lunch.


VIX update from a returning Mr T



:)
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12.38pm..well, here come the sp'1770s.

Anyone wanna question the 2000s next year?
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12.49pm... MAJOR problem...

NASDAQ appears to have SEVERE quotes problems... my screen is going crazy with quote updates...

1min