Tuesday 12 April 2016

12pm update - sunshine for the bull maniacs

With a sporadic headline that Russia and the house of Saud have provisionally agreed to freeze oil output, 'normal service' has resumed for US equities. With the sp' +14pts @ 2056, a net daily decline is off the menu... and now its a case of whether 2075 will hold.


sp'60min



VIX'60min



Summary

*for the moment, VIX is holding rising trend.
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What can be said other than its the usual nonsense once again.

Yet again, a sporadic news story about Oil has been the excuse for renewed equity strength.

Its beyond tedious.
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Here in London city..



Right now, the sunshine is small consolation for the semi-nightmare that is happening in equity land.

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time to cook