sp'weekly8
Summary
*stripping away all the labels/counts....we have a weekly chart of net gains, and the third green candle.
-
Barring a break <1850..and more importantly, the 1814 low, equity bears should probably be on 'trading account preservation mode'.
-
*I will hold heavy long across the weekend, not least since a few of my stocks have earnings next Tue/Wednesday.
-
updates into the close..although really, I don't expect any major swings..either way.
-
3.12pm.. watching clown finance TV, with Santelli and Liesman.....gotta love it!
Minor up wave..back to the sp'1883...and even a few of my longs finally turned green for the day.
3.20pm.. VIX melting lower...set to close in the 12s.
3.25pm.. Here is a somewhat random question, but did Ms. Eisen on CNBC, get a mind wipe, when she transferred from Bloomberg?
I realise they are largely reading from a tele-script, but really, what a change!
Meanwhile...metals are cooling a little.. Gold +$11.
3.40pm.. minor chop continues...Mr Market just washing a few of the weaker bulls out... nothing more. Strong support in the 1875/70 zone...bears won't be able to break that...at least not today!
VIX 13.03...still set to settle in the 12s.