sp'60min
vix'60min
Summary
I've pretty high confidence in the near term outlook.
Over-riding issue though, is that higher equity levels look likely later this week.
-
Oil is again weak... -0.9%.... whilst metals are holding minor gains, Gold +$4.
Monday, 6 January 2014
1pm update - headed for the 38% fib of 1818
Mr Market looks on track to hit the 38% fib retrace @ 1818, of the recent wave from 1767-1849. With the first sig' QE-pomo due tomorrow, equity bears face the usual problems. The fact the VIX is currently red, along with negative indexes should be considered a further warning.
sp'60min
vix'60min
Summary
I've pretty high confidence in the near term outlook.
Over-riding issue though, is that higher equity levels look likely later this week.
-
Oil is again weak... -0.9%.... whilst metals are holding minor gains, Gold +$4.
sp'60min
vix'60min
Summary
I've pretty high confidence in the near term outlook.
Over-riding issue though, is that higher equity levels look likely later this week.
-
Oil is again weak... -0.9%.... whilst metals are holding minor gains, Gold +$4.