The market is seeing another minor skirmish between bulls and bears. How we close today is very likely dependent on the markets reaction to the final Fed beige book of the year. Metals are holding their bounce-gains, with Gold +$5 and Silver +1%.
Best guess remains...for some kind of ABC x ABC.. as a sub'4...with another ramp next week..to the 1820/30s.
As ever, with underlying upside pressure - via QE, there seems zero point in attempting to trade the short side, even for 15/25pt moves.
VIX update from Mr T.
time for lunch!
12.24pm.. Metals getting a kick higher...
The low 19s look viable..before the next big drop.
12.31pm..ohh lookie..the CNBC effect...
A mere mention on clown finance TV, and the stock jumps. Who said TV stock pumping is dead?