Thursday 18 September 2014

10am update - opening gains

US equities open moderately higher, but so far.. no new historic highs. A minor down cycle into the typical morning floor/turn time of 11am looks... probable. Best case for the bears.. sp'2000/1998.. with VIX 13s.


sp'15min


Summary

So, opening gains, but I think there is a fair chance of most indexes actually turning fractionally negative by 11am.
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*seeking to go long-index... a trade from 2000 to 2015/20 - by the Friday close would make for a good way to end the week.
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Coal miners remain dire...

BTU...  headed for $12/10


Truly....dire... but then, the US Govt' has a 'war on coal'


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10.00am   Fractional new historic high on the Dow, 17223.

....BTU still falling -5.1%

*phil Fed 22... down from 28.... somewhat disappointing...   market doesn't care though...