Thursday, 20 November 2014

11am update - messy morning

With much of the morning econ-data coming in better than expected, the algo bots have used it as an excuse to flip the market marginally positive. New highs are not far away, but still seem unlikely. VIX remains... twitchy.




*frankly, I'm not sure what to make of the earlier VIX spike of 15.74. Rogue print.. or was someone buying a truck load of VIX calls?

Considering the earlier marginal break of the daily 10MA of sp'2041.. I'm still inclined for 'moderate weakness' into the weekend.

On any basis though, equity bears should be clawing for a daily close <2040.

Notable strength in energy stocks... CHK +3%

11.30am.. So.. err... how much are the BoJ buying this morning in the US market?

sp'2053.. with Dow 17700.... urghh