2pm update - time for more fed speak

The main indexes are holding moderate gains, with the sp' at 1790. A daily close in the 1800s is very viable, as supported by the hourly cycle. Equity bears need to be mindful, even if a brief spike lower into the 1770s in this hour. Metals remain...weak.


sp'60min

SLV, daily'3

Summary

well...lets see how the algo-bots interpret the latest press release from the money printing maniacs.
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As ever...will probably take a full hour to be clear on which direction the market wants to eventually take.

...standing by.


2.04pm... micro-spike lower...but we'll surely close much higher.

Metals..weak...look vulnerable into tomorrow.


2.08pm.. clown finance TV resorting to the same nonsense talk about Dec' QE-taper.

Absolute...idiots!

Metals sure are twitchy..not easy viewing. I will hold short...into Thursday.


2.14pm...hmm, the Tuesday low..being broken... interesting..kinda.

2.18pm..short-stopped out of SLV...19.28...

I'm content with that...will re-short on any bounce tomorrow.


2.21pm..indexes still look prone to a 'dumb ramp' into the close.

*I am indeed out of SLV- short...not a bad exit..I will most certainly look to pick it up again..if it is higher tomorrow morning.

One reason I was getting VERY edgy..we're approaching the typical turn time in the day of 2.30pm


2.33pm.. well, we're at that magical time of the day...often a turn.

I'm calling a floor in the metals..at least for today...

SLV, 5min.

Viable upside to 19.50/75

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2.40pm.. black-FAIL candle on the VIX hourly...

equity bears...beware.