Wednesday, 19 March 2014

12pm update - continued minor chop

US equities remain in a clear holding pattern ahead of the FOMC announcement at 2pm. Precious metals remain weak, Gold -$14. VIX is a touch lower, -1%, in the 14.30s. We have an interesting afternoon ahead!



Little to add...

The only notable aspect is that the R2K/Trans have still not broken a new high...bulls are losing momentum

VIX update from Mr T.

Certainly, the May VIX blocks will cover a fair bit of time, and should at least result in capturing one spike higher this spring.

time for tea :)

12.10pm... Trans/R2K...both slightly red....if they close red.. it bodes well for the bears into the weekend.

12.37pm.. the weak chop continues.

Personally, I'd like to see 1867/65...and then a brief spike to 1870/75 by 2.15pm.... that would make things easier.