Tuesday, 13 October 2015

3pm update - more of the same

US equities remain in minor chop mode.. leaning on the slightly weak side, but remaining above the psy' level of sp'2000. Current price action is highly suggestive of another push higher to the 2030/40s later this week, and that will likely equate to VIX resume cooling to the 15/14s.




*having watched USO, am LONG from $15.20 in the past hour, seeking an exit in the 15.75/16.25 zone before the weekend.

The next EIA oil report is not due until Thursday.. due to Columbus day semi-holiday.

Well... so far, the bears are still unable to break under 2000.  Today's high of 2022 makes little sense as a key high, and I'd have to assume we see another push higher.. whether tomorrow.. or across Thurs/Friday.

back at the close.