Friday, 22 January 2016

2pm update - day 2.. or 3 UP

US equity indexes are holding very significant gains, with today being day'2.. or 3 (if you want to count Wednesday) from the short term low of sp'1812. Further upside looks highly probable to the sp'1970s, and that will equate to VIX back under the key 20 threshold.




*VIX is really starting to cool, -14% in the 22s.

Little to add.

We're set for a second consecutive net daily gain, with a likely weekly close above the sp'1900 threshold.

For those with eyes on the bigger monthly cycles... the price action across the last few days is to be expected, but does nothing to where we are headed.

notable weakness: TVIX -13% @ $9.50.

back at 3pm