Monday 5 May 2014

12pm update - failed opening declines

The opening black-fail VIX candle was indeed another early warning that the equity bears are still lacking consistent downside power. Metals are cooling, Gold +$10. Equity bulls should be content with any marginally daily net gains.


vix'60min


sp'daily5


Summary

*no doubt, many bears are already in a lousy mood after the opening tease...
-

VIX update from Mr T.


--

time to cook...