Monday, 21 March 2016

12pm update - the churn continues

US equities remain in micro churn mode, with further upside extremely probable for at least another few days. VIX remains broadly subdued in the low 14s. Metals are mixed, Gold -$7, whilst Silver +0.3%. Oil is battling to hold minor gains of 0.2% in the $41s.



Little to add.

Price action offers nothing to the equity bears in the near term... it'd seem we'll just keep on grinding upward.

Much like TVIX earlier... we have a rogue print on AAPL, seen on the 5min cycle, but no longer on the daily chart.

I guess you could say its a problem with stockcharts, but I'm guessing the algo-bots are somewhat twitchy this morning.

time for lunch