Wednesday, 22 July 2015

An unusual day

Whilst equities settled moderately lower, it was a somewhat bizarre day for yours truly. For once... a little glimpse into my world.


The picture above is of Newlyn Harbour, seen from a rather rocky beach in Penzance. It has been over a decade since I last visited the most south westerly town in the UK.

As a child, I must have spent a few thousand hours in what for me, remains a truly mystical place.


The last time I visited Penzance, broadband was only beginning to be rolled out in the UK, and the notion of WIFI via a tiny mobile device plugged into a laptop was a mere dream.

Maybe I am just easily impressed, but having my trading screen working flawlessly whilst sitting next to the towering sea wall... its pretty incredible how far we've come since the late 1990s.

As for why I was at the coast today, I was there for a property viewing. I'm looking to leave London city, be in a better home, in the town that I often dream of. Regardless of the market nonsense, at least this deeply personal aim of mine is finally set to come true by the early autumn.
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Looking ahead

Wednesday will see House price index, existing home sales, and the usual EIA report.

*more corp' earnings are due of course.
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Still a patchy service ;)

Yours truly 'might' post something intraday tomorrow as I will make the long journey home. I have never tried wifi on an express train before. If that doesn't work out so great (or if I'm more interested in staring out the window), I will instead likely return for the closing hour at 3pm EST.

Ever since I started writing this blog in spring 2012 I have occasionally wondered if I would ever conclude with something different... and tonight I can.

Goodnight from Penzance.

The promenade.. .all to myself

Tuesday, 21 July 2015

Daily Wrap

US equities closed moderately weak, sp -9pts @ 2119, with the VIX +0.6% @ 12.33. Near term outlook offers at least the sp'2100 threshold.. where the key 50dma is lurking... however there is a 'fair chance' of the secondary gap zone of 2080 being filled... before upside resumes.


sp'daily5


VIX'daily3


Summary

Suffice to say.... we have the daily MACD (blue bar histogram) cycles turning back... highly indicative of a short term peak of sp'2132... with VIX 11.71.

*I remain holding a small VIX-long position, seeking an exit in the 15s.
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a little more later... probably around 7pm EST

Closing Brief

US equities closed moderately mixed, sp -9pts @ 2119. The two leaders - Trans/R2K, settled +0.7% and -0.4% respectively. Near term outlook is for continued downside, at least to around 2105/00.. but there remains a chance of filling the secondary gap at 2080.


sp'60min


vix'60min


Summary

Well... for yours truly.. it has been one truly bizarre (in a good way) day...  but more on that later
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As for equities, there sure are some interesting movers out there... not least in tech land, with IBM in trouble... and INTC an all out tech wreck.
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*I will post a combined VIX/Daily index cycle update around 6pm EST

yours... still watching the waves come in

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4.38pm.. AAPL getting trash post earnings, -6% @ $121.... as future guidance/estimates are upsetting the market.

The earlier bearish engulfing candle was indeed an early warning.

So.. IBM whacked... now AAPL, who is next?