Monday 14 July 2014

12pm update - holding the gains

US indexes are looking pretty strong - ahead of the Tue/Wed' appearance of Yellen. With the Dow/Trans breaking new historic highs, and the sp'500 not far behind, there is nothing bearish in the immediate term. VIX is being re-crushed, -4% in the mid 11s.


sp'weekly8


Summary

Ignoring the minor noise... with a weekly chart.
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Yes, we have a second blue candle, but we are holding above all key minor lows, and price action is 100% bullish.

The 1990/2000s are viable within the near term..and if the market can cope with earnings/GDP data... then we are simply set to push straight up, into the 2050/75 zone no later than early Sept.
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VIX update from Mr T.



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time to check on the cheer leaders on clown finance TV.. although I realise some might be starting to group me into that category lately.