Thursday, 17 July 2014

3pm update - weakness into the close

US indexes look set for some further weakness, with a daily sp'500 close in the 1965/60 zone. VIX has broken into the 13s, the 14/15s look briefly viable at the Friday open. Metals are holding sig' gains, Gold +$17.




*VIX takes out the Thursday spike high.

So, we're still moderately lower, and indexes look set to close negative.

Certainly, a day for the bears, but considering the news, its very bemusing that we're not lower by at least 1.5% or so.

*I will be seeking to pick up an index long... tomorrow morning.

3.18pm VIX +28% in the 14s.... kinda big move..but then..14s is STILL a low VIX.

Weakness into the close....tomorrow morning/Monday will be prime buying least to me.

3.34pm. . VIX +33%...14.70s. .. sp'1959s....


3.46pm... VIX +39% in the 15s.... now its getting interesting.