Monday, 2 June 2014

12pm update - messy morning

The week has started with some messy index chop, although - as ever, underlying upside pressure is there, with new historic highs in the Trans/Dow/SP. The R2K remains a weak area, but has already recovered much of the earlier - from -1.2% decline, to -0.3%


sp'weekly8


Summary

*ignoring the smaller cycles this hour.

Weekly charts offering 1930/35 this week...and it is pretty incredible to see 8 consecutive green candles.
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VIX update from Mr T


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time for tea..or a walk..or something