Wednesday 4 March 2015

10am update - unravelling

US equities open moderately lower, but are clearly starting to unravel... with a break into the sp'2080s.. along with VIX 16s viable today. Metals are holding minor gains, Gold +$2, whilst Oil +0.7%.


sp'daily5


VIX'daily3


Summary

Lower lows for equities... and higher highs for the VIX... we're on track.

Target remains sp'2065... along with VIX 17s... but that will clearly take another day or two.
-

Notable weakness, DISCA -1.8%.... cooling a little... but broadly strong.
-


KEY NOTICE...

10.17am With the break into the sp'2080s... we have a bearish MACD cross on the giant monthly cycle.... MARCON 6.

Hmm....

Notable weakness: AA -5.6%... on a downgrade I believe.