sp'daily5
Summary
*VIX is reflecting the renewed market confidence, -5% in the mid 13s, and that is of course somewhat bizarre considering the unresolved Greek situation.
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Well, its not looking good for those in equity bear land.
We have a clear break of the recent down wave from last Wednesday. Now its merely a case of attaining a daily close >2100... which does appear likely.
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notable hyper-strength, NFLX +6%, as the momo chasers are out in force...
A great many price gaps, once the main market maxes out, it will be highly vulnerable to a brief.. but very sharp down wave. Long term though... it looks super strong. No doubt, a stock split will attract even more speculative interest... as was the case with AAPL.
11.21am.. clear upside break... short-stop cascade well underway.
A daily close in the 2100s looks probable.. which opens the door wide to upside into the FOMC... and somewhat beyond.
Eyes on the USD, -0.6%..... on track for the DXY 92/90 zone.. before a hyper-wave to 120s.