Thursday 6 August 2015

11am update - moderately weak

US equities remain moderately weak, but clearly, the bears are still unable to build any significant.. and sustained downside. VIX is reflecting a touch of increasing market concern, back in the low teens. Commodities are mixed, Gold +$6, whilst Oil -1.5%.


Dow' daily



VIX'daily2, rainbow


Summary

* a notable green candle on the VIX chart... first resistance is the upper bol, which tomorrow will be around 15.00
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The Dow is lower for the sixth day, and the cheerleaders on clown finance TV are getting a little twichy about this index. First target remains the 17000 threshold.. which is only 2.5% or so lower
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notable weakness: DIS -3.7% in the $106s.

DISCA -1.5% in the $28s, continuing the severe decline from yesterday.. headed for 25/22.
GMCR -28% in the $53s
TSLA -8% in the $246s.

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time to cook... back soon.


11.35am.. Things are starting to get interesting.. sp'2082... VIX 14s due.. and its not even lunch time yet.

... tomorrow is going to see a major break.. one way or another.