Tuesday 18 February 2014

1pm update - 7 of 9

The sp'500 has climbed for 7 of the last 9 trading days, and looks set for new historic highs this week. The weekly cycles are offering the 1870s in the immediate term, the 1880/90s will be difficult until we move into March. VIX looks weak, with a viable 8th consecutive daily decline.


sp'daily5


Summary

Little to add. Slow motion upward melt.

If we are in sub'3, then in theory, we should just go straight into the low 1900s...within 5-10 trading days, I realise that sounds like crazy talk to some of you out there.
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Notable mover...

UGAZ, daily

As it is, spring is coming...I'm sure noticing the lighter evenings already. Would make for an interesting short..once the current cycle is complete.
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night falls..and the fireworks..begin. LIVE UKRAINE.