Wednesday, 29 October 2014

10am update - I have the power

US equities break a new cycle high of sp'1991, although the VIX is not particularly confirming the move. Metals remain weak, Gold -$4, and this is really impacting the miners, ETF of GDX -1.3%, set to lose the $20s.


sp'15min


Summary

... the power is back, much faster than expected.... thank the gods.

Bullish private electrical contractors.
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This mornings musical interlude...



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more soon...


10.34am... chop chop... looks like we can settle in for chop in the 1985/95 zone.

VIX remains twitchy.... +3.5%... not aware if there are any major call buying...  but probably some are.

Momo stocks weak... TWTR -3%... FB -6%  ... near term outlook for those ain't pretty.