Tuesday 5 November 2013

11am update - astoundingly lower

The main indexes remain lower..by a shocking 0.25%. No doubt some of the doomer bears are getting overly excited by this mornings red open. After all, sp'1775 was a key multi-month..even a multi-year top..yes?


sp'60min


Summary

The hourly charts are offering a close in the 1740s..although that sure won't be easy.

VIX is higher, and the 14s are viable by the close, if market can battle lower across the day.
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Notable mover remains TSLA, after hitting 181, its now in the red, 173.

TSLA earnings (I think) were shifted to the Tuesday close...so...that will be something to watch.