sp'daily5
VIX'daily3
Summary
US equities opened just a little higher, but once again, it was enough to generate new historic highs in all six of the main indexes I regularly highlight. Underlying m/t price momentum remains 'scary strong'. The sp'2800s will be technically viable in February.
Market volatility is naturally subdued, with the VIX sustainably printing the 9s. Does anyone seriously think the key 20 threshold is viable before the market at least hits sp'2950/3047 zone?
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I fully recognise almost none of you care, but this remains very important...
Italy, monthly
The MIB is currently net higher for Jan' by a rather powerful 5.3% at 23004. A monthly close >24k (by late spring) will be profoundly important for the Italian market, but also most other world markets to some degree. Its not just Italy of course, there is Russia, China... the list could go on.
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Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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