Tuesday 17 December 2013

11am update - chop fest

Equity indexes remain weak, but sitll with a fair bit of downside buffer to the sp'1772 low. Precious metals remain conclusively stuck under old broken support, with Gold -$11. VIX is up for a sixth day, +2% in the mid 16s.


sp'60min


Summary

*equity bulls could do with a daily close in the 1790s. Its not essential, but it'd be useful, and keep open the low 1800s by end week.
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Not the most exciting of mornings, but there continues to be some interesting action in individual stocks.

Interesting conversation between Biderman and Bianco


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11.10am.. market trying to punch in a spike-floor at sp'1777...at what is a typical turn time.