sp'60min
Summary
Little to add.... I'm tired.
--
Intraday update from Riley
--
Airlines remain strong, UAL +10.7%.
Meanwhile, WFM is naturally red. Utter... fail.
back later
Thursday, 10 July 2014
1pm update - net daily gains?
US equities are significantly above their opening lows, and there is even a chance some indexes will see a net daily gain. VIX continues to cool, and could close fractionally red. Metals are holding moderate gains, Gold +$9.
sp'60min
Summary
Little to add.... I'm tired.
--
Intraday update from Riley
--
Airlines remain strong, UAL +10.7%.
Meanwhile, WFM is naturally red. Utter... fail.
back later
sp'60min
Summary
Little to add.... I'm tired.
--
Intraday update from Riley
--
Airlines remain strong, UAL +10.7%.
Meanwhile, WFM is naturally red. Utter... fail.
back later
12pm update - building a floor
US equities are well above the early morning low of sp'1952, which would make for yet another higher low (from May'26, sp'1944). VIX is significantly cooling down from 13.23 to the 12.40s. Metals are similarly cooling, Gold +$8.
sp'60min
Summary
So.. a rather busy morning, a down open sure does wake up the usually sleepy bears.
Yet..here we are, and it would seem this down wave is now complete. Having fallen from 1985 to 1952 - a mere 1.6% decline, spanning 4 trading days.
--
VIX update from Mr T
--
time to see what stocks the cheer leaders on clown finance TV are trying to pump.
stay tuned :)
--
UAL , daily
Wow....simply.... wow.. what a flyer! Delta will likely catchup next week.. but even that is positive today.
sp'60min
Summary
So.. a rather busy morning, a down open sure does wake up the usually sleepy bears.
Yet..here we are, and it would seem this down wave is now complete. Having fallen from 1985 to 1952 - a mere 1.6% decline, spanning 4 trading days.
--
VIX update from Mr T
--
time to see what stocks the cheer leaders on clown finance TV are trying to pump.
stay tuned :)
--
UAL , daily
Wow....simply.... wow.. what a flyer! Delta will likely catchup next week.. but even that is positive today.
11am update - market stabilising
After the sharp opening declines, the market appears to be in the process of stabilising before the broader upward trend resumes. The early signs are already there, not least in the VIX, which is well below the open of 13.23.. now.. 12.52.
VIX'daily3
sp'60min
Summary
We have a pretty clear morning reversal so far.
Underlying hourly MACD cycle on the indexes and the VIX are suggestive the bears have had their 'fun for the week'... and now its just a case of how long it takes for the market to build a secure floor.
Notable strength: UAL +6.8%
-
11.10am.. a net positive daily close (which is viable) would no doubt really get many of the bears all pissy.
As noted at the open though...the VIX black-fail candles are not to be dismissed lightly.
-
11.17am.. classic reversal candle... R2K, daily
Doesn't get much clearer. No turn yet on the MACD cycle, but the current daily candle could even turn positive by the close.
11.42am.. market just battling it out, key signal remains the VIX, which is well below its opening level.
VIX'daily3
sp'60min
Summary
We have a pretty clear morning reversal so far.
Underlying hourly MACD cycle on the indexes and the VIX are suggestive the bears have had their 'fun for the week'... and now its just a case of how long it takes for the market to build a secure floor.
Notable strength: UAL +6.8%
-
11.10am.. a net positive daily close (which is viable) would no doubt really get many of the bears all pissy.
As noted at the open though...the VIX black-fail candles are not to be dismissed lightly.
-
11.17am.. classic reversal candle... R2K, daily
Doesn't get much clearer. No turn yet on the MACD cycle, but the current daily candle could even turn positive by the close.
11.42am.. market just battling it out, key signal remains the VIX, which is well below its opening level.
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