2pm update - proceeding on track

US equities are well on the way to a hit of the sp'1710/1690 target zone. Considering the current momentum, that seems very probable this week. VIX looks set to take out the 2013 June high of 21.91. Gold is catching the 'safety bid', +$13.


sp'weekly7b

vix'weekly

Summary

Great stuff huh? lol
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Further downside of 50pts, seems likely within days.


2.07pm... it is increasingly amusing seeing the cheer leaders on clown finance TV get rattled at the ongoing declines.

VIX getting close to taking out last years high...that'll be a major achievement..its coming.


2.33pm...minor index chop...whilst the VIX is holding the 20s...for the first time since Oct'2013.

Bears have nothing to fear now...well..except QE tomorrow/Wed', but any such bounces are to be shorted.

*bond yields remain an issue...a move to 10yr'  2.50/40 seems an easy target later this week.

Notable weakness: UAL, STX, both lower by around -4%.

1pm update - minor bounces... along the way

With sig' QE tomorrow and Wednesday, the equity bears face the usual threat, but the bigger force are the daily/weekly cycles..all pushing lower. Downside target zone remains sp'1710/1690..as early as this Friday. VIX is holding the 19s..comfortably above last weeks double top.


sp'60min

Summary

*busy start to the week....I'm glad I slept for 50 hours this weekend ;)
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Suffice to say..any bounces are easily to be shorted.
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For those interested in the bigger picture...

Dow'monthly

Borderline provisional break. Downside target would be 14000/13500..but that is likely 2-3 months out.
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1.11pm... sp'1750...  60pts downside to go...that is around 3.25%.

1.21pm.. welcome to the 1740s....

anyone still doubt 1710/1690 now ?    VIX +10% in the mid 20.30s.

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1.33pm.... there can be NO excuses for surprise.

The break of 1770....there is no real support until 1710/1690 zone. 

10yr t-bond.. <2.60% .    2.50/40s..with sp'1705/00 Friday?

12pm update - equity bears should be delighted

With the sp'500 breaking into the 1750s already this week, equity bears should be extremely pleased, and looking forwards to the rest of the week. The door is now wide open to the downside target zone of 1710/1690 - where the 200 day MA..and the lower weekly bollinger are lurking.


sp'daily5

sp'weekly7b

Summary

*VIX is still kinda stuck in the 19/20 resistance zone. A daily close >22, would be a break of the 2013 high, and open up 25/27 within 5-7 trading days.
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What a great morning to start the week, yes?

We have a market that is broken, and all those bear flags on the daily cycles that I was babbling on about last week..have been confirmed.

Now it would seem..its just a matter of when we'll hit the 1710/1690 zone....not if.

I wonder what Yellen (who is being sworn in today) is thinking? Will she hit the print key at the next FOMC? Problem with that strategy, it'd send a clear signal to the market/mainstream...'the fed is boxed in..and can't escape'.

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VIX update from Mr T



time for tea :)
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12.04pm.. key support on the Dow monthly cycle....BUSTED.

Its over for the bulls..probably for some months. Confirmation (in my view)..if lower weekly bol' hit..currently 1689...and 1700 next week.