Friday, 18 July 2014

12pm update - equity bears fail to show up

US equities continue to push higher, with most indexes breaking out of the down trends. Even the R2K is now significantly higher, +1.3%, first key target are the 1170s. VIX is getting crushed, -15% in the 12.20s.. a weekly close in the 11s is now likely.




So... we're higher, and the bears are getting ground down once again.

Complete bear failure to contain the bounce at the hourly 10MA of sp'1970... and we're now within range of breaking new highs early next week.

R2K looks especially strong.

VIX update from Mr T.


time for lunch...or something.