Tuesday, 31 December 2013

2pm update - yeah, I'm still posting

Just two hours left of the trading year...are we having fun yet? The main indexes are holding moderate gains, with the VIX attempting a close in the low 14s. Perhaps most notable of the year, the VIX high for 2013 was a mere 21...which makes the 2012 peak of 27 look high in retrospect!

Dow, daily



Underlying pressure is to the upside (as ever)...a year end close in the sp'1850s would really top off what has been a crazy QE-fuelled year.

*RIG +0.8% in the $49.20s...I'd certainly be seeking a weekly close >$50, where it will get tricky..does it get stuck 52/53..or keep on climbing?