Monday, 15 September 2014

2pm update - the weak chop continues

Equities remain seeing the same weak chop that we've seen since the sp'2011 high of Sept'4. VIX is holding minor gains, +4% in the 13.90s. Momo stocks remain under rather severe pressure, with the R2K -1.3%.



Some real carnage in momo land today...

TSLA -10.0%
TWTR  -6.2%
NFLX -4.0%

What to make of today?  Broader market remains relatively stable.

Still seeking 1973/70.