sp'60min
VIX'60min
Summary
So... fill the VIX gap... and then up again.
It will probably be that.
--
Here in London city...
Simply lousy... with the remnants of the US snow storm on their way here, not that I'll see snow.
-
time to cook
Monday, 25 January 2016
11am update - grey and depressing
US equities remain moderately weak, with the sp -11pts @ 1895. There is short term threat of VIX 26s before equities can rally again, but in any case.. the sp'1940/70s look a relatively easy target, not least if AAPL earnings (Tuesday AH) give hope to the mainstream that 'everything is fine again'.
sp'60min
VIX'60min
Summary
So... fill the VIX gap... and then up again.
It will probably be that.
--
Here in London city...
Simply lousy... with the remnants of the US snow storm on their way here, not that I'll see snow.
-
time to cook
sp'60min
VIX'60min
Summary
So... fill the VIX gap... and then up again.
It will probably be that.
--
Here in London city...
Simply lousy... with the remnants of the US snow storm on their way here, not that I'll see snow.
-
time to cook
10am update - opening weakness
US equities open a little lower, as the market appears needing at least a little time to consolidate the hyper-ramp gains from sp'1812 to 1908. With the USD -0.3% in the DXY 99.20s, the metals are naturally higher, Gold +$8, with Silver +1.1%. Oil is -3.6%.. around the $31 threshold.
sp'60min
VIX'60min
Summary
*note the VIX gap zone..up to 26.50. More often than not, those get filled very early.
VIX 26.50 would likely equate to sp'1880/75.
--
So... we're a little weak... and even if things unravel across today, a broader bounce still looks VERY probable.
--
AAPL has earnings at the Tuesday close...
The $105/107s look a relatively easy target. Mainstream would likely use that an excuse for further upside to sp'1940/70 zone.
--
back at 11am
sp'60min
VIX'60min
Summary
*note the VIX gap zone..up to 26.50. More often than not, those get filled very early.
VIX 26.50 would likely equate to sp'1880/75.
--
So... we're a little weak... and even if things unravel across today, a broader bounce still looks VERY probable.
--
AAPL has earnings at the Tuesday close...
The $105/107s look a relatively easy target. Mainstream would likely use that an excuse for further upside to sp'1940/70 zone.
--
back at 11am
Pre-Market Brief
Good morning. US equity futures are moderately lower, sp -5pts, we're set to open at 1901. USD is -0.2% in the DXY 99.40s. Metals continue to bounce, Gold +$6, with Silver +1.3%. Oil is cooling from last weeks hyper gains, -3.4% in the $31s.
sp'60min
Summary
As the hourly cycle was warning about last Friday afternoon, we're set to open the week on the downside.
Broadly though, the market should see gains across much of this week... certainly to the 1940s. Considering how crazy this market often is, the 1970s look viable, but perhaps that will take a few weeks.
In any case, mid term outlook is clear.
--
Update from Oscar
--
Doomer chat, Hunter with Pento
As ever, make of that, what you will.
--
Overnight action..
Japan: choppy, +0.9% in the 17100s
China: choppy, +0.7% @ 2938, a long way from broken support of the 3400s.
Germany: very minor chop, currently +2pts @ 9767
--
Have a good week
sp'60min
Summary
As the hourly cycle was warning about last Friday afternoon, we're set to open the week on the downside.
Broadly though, the market should see gains across much of this week... certainly to the 1940s. Considering how crazy this market often is, the 1970s look viable, but perhaps that will take a few weeks.
In any case, mid term outlook is clear.
--
Update from Oscar
--
Doomer chat, Hunter with Pento
As ever, make of that, what you will.
--
Overnight action..
Japan: choppy, +0.9% in the 17100s
China: choppy, +0.7% @ 2938, a long way from broken support of the 3400s.
Germany: very minor chop, currently +2pts @ 9767
--
Have a good week
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