Wednesday, 16 April 2014

3pm update - a close in the 1860s?

US indexes are continuing to build gains, and equity bulls look set to attain an impressive daily close in the sp'1855/65 zone...way above the 50 day MA. VIX is getting crushed, -8% in the 14.20s. Metals are flat.


sp'60min


Summary

What to say, other than ...urghhh
-

At least I'm not getting nailed on this up wave..which now looks set to continue across most of May.

I realise many out there will be outraged at the current gains, but as ever, the market is never wrong..only traders.


3.31pm... Mr Market aiming for a close in the sp'1860s

3.43pm.. grinding higher....bears...into dust.  

For once...I won't be one of them.