Thursday 17 December 2015

1pm update - is this the touted apocalypse?

Since last week, an increasing number of people have been loudly touting across a great many websites, a 'quad-opex crash'. No doubt, with the current declines, some are getting their hopes up for a Friday collapse. At best, the original downside gap zone of 2025/20 is best bearish case.. but even that looks difficult.


sp'60min



VIX'60min



Summary

Its getting real tiresome... not just as the mainstream are getting laughably twitchy, but as many seem to have no perspective that Monday saw a key low of sp'1993.

Does anyone seriously think that low will be broken any time soon?

Santa is getting ready... and with the rate uncertainty out of the way... the door is wide open to much higher levels.
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notable weakness.. miners, GDX -5.5%.... having lost around -5% yesterday.