12pm update - a touch of weakness

The main indexes are a touch weak, with the sp' failing to hold the 1770s. Clearly, no one - not even the most bullish, want to hit the buy button >1775..at least not yet. Metals are increasingly weak, Gold -$8, with Silver -2.3%. Oil is..naturally weak.


sp'60min

Summary

Ohh the humanity! The indexes are in the red.

Without getting lost in bearish hysteria, there remains moderate chance of the 1730s being hit..before the next wave into early December..where I continue to seek the sp'1800s.
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VIX update from Mr T.




Urghh..the VXX, almost as bad as the TVIX/UVXY - the latter pair of which are down around 50% in the past 4 weeks.

*I wish he'd not call it a '4 for 1 split'..the proper term is '1 for 4 REVERSE split', since the VXX keeps decaying.
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time for tea...and chocolates


12.37pm.. market obviously unable to clear 1775..need another shake out first...probably in the low 1730s.
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