sp'daily5
Summary
Suffice to say...a pretty wild week of swings... we look headed lower
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The daily 10MA of 1960 is now key resistance, and considering the current declines, it sure doesn't look like we'll back over that level until late next week.
Thursday, 9 October 2014
1pm update - the bears have done enough
Equity bears have pushed more than enough lower to give confidence that the 1926/25 low will be broken.. probably tomorrow. VIX is confirming the move, +16% in the mid 17s. Oil remains under relentless deflationary pressure, -2.1%
sp'daily5
Summary
Suffice to say...a pretty wild week of swings... we look headed lower
--
The daily 10MA of 1960 is now key resistance, and considering the current declines, it sure doesn't look like we'll back over that level until late next week.
sp'daily5
Summary
Suffice to say...a pretty wild week of swings... we look headed lower
--
The daily 10MA of 1960 is now key resistance, and considering the current declines, it sure doesn't look like we'll back over that level until late next week.
12pm update - another strong down wave
US equities fail to build on the bizarre Fed inspired gains. Equity bears have achieved an important break back below sp'1950... with VIX +10% in the mid 16s. Without question, it is now critical to take out the double floor of 1926/25... with VIX back >18.
sp'daily5
vix'daily3
Summary
*as I'm posting this.... major snap underway.... sp'1942.... VIX back in the 17s...
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So.. here we go again. Bulls utterly absent...and market is in starting to get real ugly. Hourly cycles offer downside ALL the way into the Friday close. In theory... 1910/00..but I realise that is still a good 2% lower.
Notable sector destruction, coal miners, huge declines, even the bigger companies of BTU and CNX are seeing rather extreme declines.
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VIX update from Mr T.
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time for tea
yours.... unsettled, ill, and largely despondent.
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12.31pm... where is everyone today? Seems strangely quiet.
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Dow -300pts.... and with the Fed gains entirely negated.... back to original target...
sp'daily5
vix'daily3
Summary
*as I'm posting this.... major snap underway.... sp'1942.... VIX back in the 17s...
--
So.. here we go again. Bulls utterly absent...and market is in starting to get real ugly. Hourly cycles offer downside ALL the way into the Friday close. In theory... 1910/00..but I realise that is still a good 2% lower.
Notable sector destruction, coal miners, huge declines, even the bigger companies of BTU and CNX are seeing rather extreme declines.
--
VIX update from Mr T.
-
time for tea
yours.... unsettled, ill, and largely despondent.
-
12.31pm... where is everyone today? Seems strangely quiet.
-
Dow -300pts.... and with the Fed gains entirely negated.... back to original target...
11am update - the battle continues
US equities see some continued weakness...but nothing too significant yet. Hourly cycles are offering weakness ALL the way into the weekly close. The key resistance level is now sp'1968... whilst equity bears should be seeking a move under 1950.
sp'daily5
VIX'daily3
Summary
*I've adjusted the daily chart a little. The right side trend/resistance, now covers the Monday spike high of 1977.. with 1968 as new key resistance.
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Suffice to say, no one can say its boring!
The up swings are wild... the down swings are equally strong too...
Energy stocks under huge downside pressure, CHK -3.5%, now in the $19s.
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11.26am Bears holding pretty well.... daily 10MA @ 1961/62 is arguably a good intraday short-stop level... anything over there... would be bullish.
Other than that... its a case of 'lets see how far we can go in this new down cycle'.
sp'daily5
VIX'daily3
Summary
*I've adjusted the daily chart a little. The right side trend/resistance, now covers the Monday spike high of 1977.. with 1968 as new key resistance.
--
Suffice to say, no one can say its boring!
The up swings are wild... the down swings are equally strong too...
Energy stocks under huge downside pressure, CHK -3.5%, now in the $19s.
-
11.26am Bears holding pretty well.... daily 10MA @ 1961/62 is arguably a good intraday short-stop level... anything over there... would be bullish.
Other than that... its a case of 'lets see how far we can go in this new down cycle'.
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