Wednesday, 2 September 2015

1pm update - renewed upside

US equities are seeing renewed upside power, with the sp' +17pts @ 1931. VIX is confirming the calmer market, -9% in the 28.50s, the 22/19 zone looks a given if sp'2010/2050 zone by FOMC week. Frankly.. considering a 3 day weekend is ahead.. the setup really does favour the bulls.



Little to add.

Yesterday sure does look like a particularly powerful retrace of the 126pt initial ramp.

By default, I'd see the 1993 high being taken out... and somewhat higher from there.

AAPL, 60min

I continue to hold... seeking the 113/115s... before the weekend.

*Fed beige book at 2pm...