Friday, 13 December 2013

2pm update - secure floor, new up wave

The US market is battling hard into the weekend, with the main indexes now moderately higher. The two leaders - Trans/R2K, are indeed leading, both up around 0.6%. Metals are holding minor gains, Gold +$7. VIX looks set to close the week, in the upper 14s.




Equity bears sure had a lot of opportunities to exit into the weekend in the low 1770s. No doubt, those holding short across the weekend, will be whining when we're in the sp'1800s.

Best case bullish upside next week, looks to be around 1820/25, which is a level I realise a fair few people - from different financial orientations, are all looking for.

Two hours to go..lets see what the bull maniacs can manage.

RIght now..sp' is -1.5% on the week.

2.28pm... another minor wave lower..and we're again testing the 1772 floor.

Bears getting yet another  chance to exit in the low 1770s, ahead of the weekend!