Friday 20 June 2014

2pm update - churn churn churn

US indexes are merely in classic opex churn mode. The only anomaly is the VIX, which is holding moderate gains of 3%, but still in the 10s! Metals remain a touch weak, Gold -$3.


sp'60min


Summary

The minor opex churn continues... two hours left of what has been another week for the bulls.


As for my WFM..which is indeed nothing less than a train wreck this week...

60min


Last line in the sand is 38.75 or so.. any daily closes under that..and its over. From a pure hourly price perspective, it is due an up wave..but.. even the $40 threshold is a fair way higher.