sp'60min
VIX'60min
Summary
There really isn't much to say, its just the same minor moves.
1675 doesn't look likely to break until next week, and neither do the bulls look able to break 1700.
--
VIX update from Mr T.
Kinda interesting
Tuesday, 13 August 2013
12pm update - afternoon melt
The main indexes have already significantly recovered from the morning downside. The hourly charts continue to offer a challenge of the sp'1698/1700 area...which is even viable by late today. With the bears still powerless...VIX is back to red.
sp'60min
VIX'60min
Summary
There really isn't much to say, its just the same minor moves.
1675 doesn't look likely to break until next week, and neither do the bulls look able to break 1700.
--
VIX update from Mr T.
Kinda interesting
sp'60min
VIX'60min
Summary
There really isn't much to say, its just the same minor moves.
1675 doesn't look likely to break until next week, and neither do the bulls look able to break 1700.
--
VIX update from Mr T.
Kinda interesting
11am update - minor declines won't hold
The indexes have seen a 10pt swing from sp'1692 to '82, yet..it all appears as 'mere noise'. The bears look weak, and the key 1675 level looks impossible to break soon. Similarly, bulls will be stuck at 1700. Metals remain weak, Gold -$9
sp'60min
VIX'60min
Summary
*VIX similarly putting in a failed/spike higher.
--
The 15/60min cycles look like a spike-floor has been put in at 1682, with VIX maxing out in the mid 13s.
I guess some will be still trying to trade these tiny moves....but not me.
This minor-chop nonsense looks set to continue into Friday.
--
Notable movers, UAL, along with the whole airline sector.
AAPL looks pretty good for 485/490 by opex.
sp'60min
VIX'60min
Summary
*VIX similarly putting in a failed/spike higher.
--
The 15/60min cycles look like a spike-floor has been put in at 1682, with VIX maxing out in the mid 13s.
I guess some will be still trying to trade these tiny moves....but not me.
This minor-chop nonsense looks set to continue into Friday.
--
Notable movers, UAL, along with the whole airline sector.
AAPL looks pretty good for 485/490 by opex.
10am update - opening chop
The hourly index charts are offering upside to sp'1698/1700 by early afternoon, but bulls seem unlikely to have the strength to close in the 1700s Metals are mixed, Gold -$8, but Silver is holding slight gains. Oil is a touch weak...with the higher dollar no doubt being a pressure.
sp'60min
sp'daily5
Summary
A quiet and dull open..and that will probably remain the case until early next week.
---
*It will be moderately tempting to launch an index re-short if we can get into the 1698/1700 area. The only problem is the threat of a gap higher straight >1709..which would open up 1740/60.
As it is, weekly charts are highly suggestive the market will not take out 1709 high.
-
*daily MACD cycle is already pretty low, bears have a problem!
10.07am.. sp'1684...back to the Monday lows..hmm.
This all feels like utter noise. A few pts up..a few pts down.
With no QE today..or tomorrow..bears have small chance of testing 1675..but really..there is still no downside power.
--
10.30am.. I can't take the declines seriously. we're already showing signs of a spike-floor.
Another test of 1700 still looks very viable
From a bearish perspective, the 15/60min cycles look VERY floored, and would be a lousy place to remain short.
sp'60min
sp'daily5
Summary
A quiet and dull open..and that will probably remain the case until early next week.
---
*It will be moderately tempting to launch an index re-short if we can get into the 1698/1700 area. The only problem is the threat of a gap higher straight >1709..which would open up 1740/60.
As it is, weekly charts are highly suggestive the market will not take out 1709 high.
-
*daily MACD cycle is already pretty low, bears have a problem!
10.07am.. sp'1684...back to the Monday lows..hmm.
This all feels like utter noise. A few pts up..a few pts down.
With no QE today..or tomorrow..bears have small chance of testing 1675..but really..there is still no downside power.
--
10.30am.. I can't take the declines seriously. we're already showing signs of a spike-floor.
Another test of 1700 still looks very viable
From a bearish perspective, the 15/60min cycles look VERY floored, and would be a lousy place to remain short.
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