sp'60min
VIX'60min
Summary
*viable micro spike top of sp'2123
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For the equity bears.. a rather tedious bounce day after the sig' Tuesday declines. As is often the case, the bounces almost entirely negate the original decline.
Regardless of the exact close... Thursday looks in favour of the bears. Since the downside target is 2080/75.. that is likely to take more than a day... which would take us into late Friday morning.
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notable weakness, energy stocks, CHK -0.5%.. as Oil -1.3% in the $58s
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3.12pm.. This is helping give the tech' an extra kick into the close...
BRCM, daily
Broadcom set to be taken over... all the semi-cond' stocks jumping... even giants like INTC +2.2%
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3.22pm.. Well.. we have a gap fill at sp'2125... there is nothing left now until the recent historic high of 2134.
3.37pm.. Is it asking too much to at least close no higher than 2122 ?
VIX is offering a floor of 13.05... just to get to mid 15s will take a 20% ramp.... and that won't be easy.
Market needs some 'spooky news' tomorrow....