Friday, 6 June 2014

12pm update - powerless bears

US equities continue to push higher, with sp' almost in the 1950s. VIX remains on the edge of breaking into the 10s, whilst the metals remain weak, Gold -$1. Notable significant strength in the R2K +1.0% @ 1165.



*I've little interest in the smaller cycles, will try to keep the weekly charts in mind for most of rest of today.

More than anything, yes..the volume remains low, but it does not matter. What does matter is that the equity bears are entirely reflected in the VIX, which has a high chance of getting knocked lower into close...for a weekly close in the 10s.

VIX update from Mr T.


Eyes on WFM


I'd consider a LONG, next Mon/Tuesday, pref' in zone'2, but I'd settle for 1', if main market remains strong.

back later...