Friday, 21 February 2014

12pm update - opex chop

US indexes are moderately higher, on what is unquestionably a rather typical opex Friday. Metals have slipped..but just a little, Gold -$3. VIX is merely melting lower, although is still higher by 4% on the week.




*the Fed reading is pretty interesting, - if only as a reminder of how clueless they generally are.
- see earlier post for links

So...a weekly close in the sp'1850s ?

It won't be easy, but regardless, price action is pretty strong, and we'll likely be in the 1865/75 zone, by the end of next week.

Broader picture remains on track.

time for tea :)