Monday, 21 July 2014

11am update - sliding towards the 1950s

US equities are quietly slipping towards the sp'1950s. There really isn't much downside power behind this weakness, but neither is anyone in the mood to buy...yet. VIX is +12% in the mid 13s.. with the 14/15s viable this afternoon.




...back from the shop....(with chocolates,, what else?)...

Market looks on track for the low sp'1950s... at which point I'd be a long as price action looks 'stable'.

time to cook!

11.29am.. typical 11am turn..... but we saw the same thing last Thursday....only to unravel by 1pm.

Regardless, I ain't in no hurry..... long afternoon ahead.