Thursday, 11 February 2016

10am update - here comes Yellen... again

US equities open significantly lower, with the sp' -26pts @ 1825, and VIX +8% in the 28s. The precious metals are catching a powerful fear bid, with Gold +$36, and Silver +2.2%. It is notable though, there are some initial  signs of exhaustion tops in the VIX and the metals/miners.



GLD, daily


*I'll try to cover the metals and miners in the next hour.

Suffice to note... after a sharp retrace from Monday afternoon, we're seeing another powerful break higher.

So... opening sig' declines, but there are signs of a short term exhaustion floor - although it sure does NOT feel in any like capitulation.

Black fail candles in the VIX, Gold, miners. Such candles are not to be dismissed lightly.

*I will be here across the day... as ever... say hello via Disqus (or email)   :)

time to shop.... back shortly for another Q/A with the CEO of print central


Every time Yellen says 'transitory'.... you know you have to take a drink.

sp -25pts...holding the opening low.