Monday, 31 March 2014

12pm update - an interesting afternoon ahead

US indexes have seen morning gains in each of the past 7 trading days..yet each have faded to some degree. The rest of today will be particularly interesting, not least due to end month/quarter issues. Bulls need >1875 (although not necessarily today), whilst bears need <1852.




*yes, we saw another opening reversal candle for the VIX this morning.

Four hours left of the month..and quarter. With the hourly equity/VIX cycles looking prone to a turn...the bulls face pressure all the way into the close.

VIX update from Mr T

time for lunch

12.20pm.. VIX fails to hold the opening @ 13.80. For the bull maniacs out there, this is a major positive sign.