Friday 11 October 2013

2pm update - afternoon chop

Whether the sp' closes in the 1700s really shouldn't be important to the equity bulls, who have already seen a very clear turn upward. A weekly close >1692 looks very likely, and is more than enough to offer clarity for next week. The VIX will similarly likely melt lower into the weekend.


sp'daily5



R2K, daily


Summary

Most notable index of the day, the R2K, which is seeing very strong gains, and is already close to breaking new historic highs.

Ohhh the humanity of it.