Friday, 17 October 2014

10am update - opening gains

US equities open significantly higher, with the sp' back in the 1880s, a full 3% above the Wed' low of 1820. VIX is naturally cooling -16% in the 21s. Metals are weak, Gold -$3, whilst Oil is holding moderate gains of 0.5%.


sp'60min


sp'daily5b


Summary

Barring a daily close much above current levels, I'm holding to the original outlook.

We've seen so many sharp swings across the past four weeks, why would today be any  different?

The fact it is opex, will only add to the volatility.. especially this afternoon.

Notable weakness, NFLX -3% @ $350, still seemingly headed for 310/300
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stay tuned.