Wednesday, 6 November 2013

2pm update - tedious afternoon

The Dow is +115pts @ 15726...all is well in market land..on another heavy-QE day. Equity bears face the same old problems...truly..tiresome. Metals are holding moderate gains, +0.5, Oil is +1.7%.



It really is just another typical day in market land.

The sp' hourly chart is starting to look like the VIX - which has now been flat-lining for some weeks.

A question the bears need to ask you not think the dip buyers will be piling in on any minor wave lower? Hell, even the 1730s look tough to hit within the next 2-4 trading days.