Friday, 17 October 2014

1pm update - still within near term up trend

Equities continue to hold within the near term up trend, having ramped from sp'1820 to 1898. VIX has so far managed to hold the key 20 threshold. Oil is holding moderate gains, +0.4%, but well below opening levels.


sp'15min


Summary

Suffice to say, 3 hours to go of what has been a wacky week.

Right now, equity bears need a daily close <1880...if not 1870 to offer some hope for early next week.
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Notable weakness, coal miners, ANR, ACI, both -10%, with the bigger BTU -3.5%.


1.18pm.. Interesting little down wave, 13pts from the earlier high of sp'1898....

VIX clawing back...if slowly... 22s look due.