Tuesday, 24 March 2015

11am update - minor weak chop

US equities remain a little weak, but the smaller 15/60min cycles are all close to flooring. VIX is still reflecting a market with no real concern, -3% @ 13.00. Metals remain weak, Gold -$2, whilst Oil is battling to hold gains of 1%.




Yes, the VIX can't fall forever, but it can easily trundle sideways for many weeks.

I just can't envision the equity bears having any real opportunity until in the latter half of April... at the earliest.

Notable strength: momo stocks, TWTR +4.5%, achieving a key break above the $50 threshold... next level is $55.

Weakness, AA, -1.6%.... still on track for $10/9 by mid summer.