sp'60min
Summary
*good lunch time reading from Armstrong. Manipulating markets.
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It continues to be a somewhat sleepy trading day again..but hey..that was expected. First downside target is the 50MA on the hourly.... 1797..that is certainly viable this afteroon.
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The notable action remains in the momo stocks like FB, TSLA, and TWTR. FB has seen a 4% swing already today. Pretty unstable, and no doubt, many short-stops got blown out in the morning.
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VIX update from Mr T.
Indeed, no one is buying near term volatility. The big players are gradually picking up spring time blocks..for the debt ceiling in Jan/Feb.
time for lunch!
12.23pm..nasty spike to sp;1806...bears in trouble again. A daily close >1808 would really be a spiteful close. Urghh.
..and that...is why I'm refraining from meddling in the indexes right now. Only another 4-6 months to wait.
AAPL is making a play to take out the Oct' $536 high...very strong price structure..offering $600 by year end.