Wednesday, 7 October 2015

2pm update - still messy

It remains a real messy day in market land.. with the sp' swinging from a low of 1976 back into the 1990s. Is a daily close in the 2000s going to be the outcome? VIX is naturally back negative.. and looks broadly headed to the mid teens by next weeks opex.




*notable day'7 down for the VIX

Without question.. a real mess of a day.

A daily close in the sp'2000s would really rub it in the faces of the bears today.

notable strength:  FCX +9.7%... as chatter increases online about the stock.. not least with Icahn involved.

weakness: momo stocks.. TSLA, -3.3%.... having briefly taken out the 200dma earlier.