Thursday 18 June 2015

3pm update - net daily gains

US equities are set for net daily gains, with the sp'500 +21pts @ 2122. The VIX is offering a near term floor of 12.54.. having already rebounded to 13.12. Metals are holding sig' gains, Gold +$14.


sp'60min



Summary

*with price action as it is... am increasingly tempted to short the market via INTC.

Am waiting for the micro 5min cycle to max out.. then its time to start hitting buttons I think


-
stay tuned.. into the close...
-

2.54pm.. standing by... $32.45....


2.59pm.. I am SHORT INTC from 32.44 (with sp'2122) will be more than content to hold into next week.
-

3.07pm. The hourly cycle will be offering a bearish MACD cross by late tomorrow....   a case of 'rats selling into the weekend' could be rather entertaining... and profitable.


3.13pm... sp'2121.    Equity bears should be battling for a daily close <2118... its not exactly expecting too much, considering the Greek uncertainty.


3.37pm.. chop chop... still under the earlier high of 2126.

notable weakness; oil/gas drillers, RIG -2.7%, SDRL -3.6%.... daily charts look real ugly.


3.42pm... sp' 2122...  interesting day.. back at the close