Friday 9 May 2014

12pm update - battling it out

US equities are still seeing weak minor chop, but the hourly cycles are looking pretty much floored. The notable weakness remains within the R2K/Nasdaq, but those two laggards are viably floored on the bigger daily charts.


sp'60min


Summary

There is not much to add, on what is a relatively quiet end to the week. I will note, next week doesn't look to offer much.


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VIX update from Mr T

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*notable reversal in STX, a full $1 above the earlier low of $48.46, but still, that stock is -10% since earnings, and it remains a major loser on my part. Urghh!
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time for tea


12.41pm... well, I guess a whole truck load of bears just made a run for it.. and all indexes are now positive.

yours....trying to be patient.