Wednesday, 25 February 2015

2pm update - higher and higher

Mr Market hits another wheel barrow of short-stops, jumping to a new historic high of sp'2019. VIX is reflecting the absolute market confidence, -5% in the 12.90s. Metals are holding minor gains, Gold +$2, but looking vulnerable to closing red. Oil is higher by 2.4%



Seen on the bigger daily cycle, it remains algo-bot melt mode.

First key support remains the daily 10MA.... which itself is rising very fast.

Notable weakness: AAPL -1.3%

2.32pm.. typical turn time... market appears to want to turn red..... lead lower by AAPL, INTC, and even HD.

Notable weakness, aluminium stocks.. CENX -12% (lousy earnings).... AA, -4%

2.40pm.... rollover in progress... lead by AAPL, -2.6%... see 'fair value' post >>>>