Friday 17 October 2014

2pm update - maxed out?

US equities have cooled somewhat from the earlier high of sp'1898, but still remain hugely above the Wed' low of 1820. VIX is clawing back some of the declines, back in the 21s. Notably, the R2K has turned fractionally negative.


sp'15min


sp'daily5b


Summary

*chart 5b remains 'best guess', but I realise after this mornings huge gains, many would be completely dismissive of it.
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Still two hours to go of a crazy week... bears need to break back under 1880

Notable weakness: RIG, -4.6%

NFLX -3.5%, despite Cuban calling into clown finance TV to pump his latest 'I will never sell' investment.


2.17pm.. The break <1880 is interesting... but need at least a weekly close under it... VIX 23s imminent


2.34pm.. chop chop..in the low 1880s. Hourly 10MA will be around 1880 in the closing hour..and that will be key to break/hold under.

R2K -0.3%... pretty weak, exhausted on the buy side?