US equities continue to unravel, with the sp -9pts @ 2054, with the VIX +3% in the 15s. USD +0.3% in the DXY 94.10s. Oil has seen a strong reversal, currently -0.7%.
sp'daily5
sp'weekly1b
Summary
..busy... brb.
*If only some of you knew the crap I am having to deal with right now.... jeez.
---
re: weekly1b: a rather significantly FAIL-spike... somewhat suggestive of sp'2000/1990s...
-
Thursday, 12 May 2016
11am update - bulls faked out
US equity indexes have seen a clear reversal, with most indexes already turning fractionally red. VIX is confirming the move, swinging from 13.95 to the 14.90s. As things are, things really only get interesting on a break of last Friday's low of sp'2039 - with VIX >17.
sp'daily5
VIX'daily3
Summary
*I'm trying to not get lost in the minor noise this hour... so daily/monthly charts!
--
A clear reversal.. as initially seen in the precious metals/miners.
Now its a case of whether a daily close in the 2050s... or the 40s.
--
There are a truckload of interesting movers so far today...
I'll highlight the bigger monthly cycles.. as they are what really interest me....
AAPL, monthly
NFLX, monthly
stay tuned!
sp'daily5
VIX'daily3
Summary
*I'm trying to not get lost in the minor noise this hour... so daily/monthly charts!
--
A clear reversal.. as initially seen in the precious metals/miners.
Now its a case of whether a daily close in the 2050s... or the 40s.
--
There are a truckload of interesting movers so far today...
I'll highlight the bigger monthly cycles.. as they are what really interest me....
AAPL, monthly
NFLX, monthly
stay tuned!
10am update - opening reversal
US equities open higher, but the gains are less than pre-market levels. Far more notable is action in the precious metals/miners, which have seen a strong reversal. It remains the case that the broad strength in the metals/miners (since the Dec/Jan' low) are arguably an indirect bearish indicator for equities.
sp'60min
VIX'60min
Summary
It sure wasn't look so pretty an hour ago... but we clearly have a provisional reversal underway.. not just in equities, but reflected in a number of other asset classes.
--
notable reversal... Gold, GLD, daily
Gold looks set to turn positive... with the miner ETF of GDX already +0.9% in the $25s.
-
notable weakness... NFLX, daily
Ugly... real .. real ugly. First soft target is $70..... much like AAPL.
-
10.03am.. The precise settling opening hourly equity candle.... BLACK-FAIL... with a major spike.. with hollow-red reversal for the VIX.
A real classic opening reversal... bulls got teased...
-
10.15am.. AAPL breaks the Aug' flash print low of $92.00.. as negative iPhone7 chatter concerns some. Next big support.. $70.
sp'60min
VIX'60min
Summary
It sure wasn't look so pretty an hour ago... but we clearly have a provisional reversal underway.. not just in equities, but reflected in a number of other asset classes.
--
notable reversal... Gold, GLD, daily
Gold looks set to turn positive... with the miner ETF of GDX already +0.9% in the $25s.
-
notable weakness... NFLX, daily
Ugly... real .. real ugly. First soft target is $70..... much like AAPL.
-
10.03am.. The precise settling opening hourly equity candle.... BLACK-FAIL... with a major spike.. with hollow-red reversal for the VIX.
A real classic opening reversal... bulls got teased...
-
10.15am.. AAPL breaks the Aug' flash print low of $92.00.. as negative iPhone7 chatter concerns some. Next big support.. $70.
Subscribe to:
Posts (Atom)









