Thursday 12 June 2014

3pm update - awaiting kick off

Whilst equities attempt to stage a late day recovery into the close, with strong gains for Oil and Gold, there are more important things to be focused on... Brazil vs Croatia, due to begin at 4pm EST. Match'1 of 64, that will occupy the minds of many into mid July.


sp'60min


Summary

*I will hold LONG overnight, via CHK, an index long, and WFM.
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Despite falling over 10pts below my target floor of 1940, I'm holding to the original outlook, broader upside into the FOMC of next Wednesday.

Whether you want to call today a sub'4. D, or whatever...I have to think we'll push higher from here.

I'm also resigned to seeing new historic highs in the R2K >1212, which is another 5% higher.
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updates into the close..as necessary.... although my attention is switching to the opening game!


Here is something...

VIX'60min


A gap fill in the 12s...before a wave lower into next Tue/Wed ?
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3.26pm... VIX appears maxed... with sp'1930s...for the close...

Overall, equity bears got a better level to exit, and bulls got a good level to buy, everyone is happy..yes?
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Watching....ITV...not clown...TV.



3.38pm.. market wants to rally, but...just not today.

Oh well, maybe tomorrow..if not...then Monday..when there is sig' QE to help.


3.45pm.. Transports, -2.1%, biggest one day fall since early February.. Hmmmmm