Monday, 15 December 2014

2pm update - holding the 1982 floor

US equities continue to see some moderate chop, with a rather probable key floor of sp'1982 - along with 'real VIX' maxing out in the 22s. Metals remain very weak, Gold -$15, with the miner ETF of GDX -2.9%. Oil remains exceptionally weak, -2.4%


sp'60min


Summary

*Bill Gross to appear on CNBC this hour... am kinda interested in that...
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Equity bears should be VERY mindful of a possible bullish MACD cross.. early tomorrow. It would likely cement sp'1982 as a cycle low.

VIX remains real twitchy.... its a wonder no one else seems to be noticing this...

VIX 5min


Endless price Spikes... major 'issues' at the CBOE I'd guess. Clearly.. a 'healthy' market, lol
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