Thursday, 31 October 2013

1pm update - quiet end to the month

The market is seeing a natural minor bounce, with the sp'1775 Wednesday morning high unlikely to be broken for some days, even a few weeks. VIX is still telling the story that the market remains absolutely fearless. Gold slowly -$21




Just 3 hours left of the trading month, and a close in the sp'1760/50 zone looks likely, which will make for a very strong month.

Near term downside..remains the 1730s, within the next 2-3 days.

VIX update from Mr T.

Interesting action in the momo stocks, which are seeing some interest.

FB looks pretty secure...

$60s remain the upside target by year end, not that I will be meddling in any of the 'hysteria' stocks.

1.34pm.. FB accelerating...all the bears getting nuked...can it get to 54/55 by the close, ..crazy market!