vix'60min
vix'daily3
Summary
*the morning flash-spike remains something of an anomaly.
--
Not much to add..VIX remains low..whilst equities remain broadly very bullish.
-
more later..on those indexes
Tuesday, 7 January 2014
Volatility slips again
With the main indexes breaking the down trend, the VIX naturally slipped lower, settling -4.7% @ 12.92. Near term outlook is for the VIX to remain in the 14/11 zone for the next 3-5 trading days. VIX increasingly looks unlikely to break back >20..until the late spring.
vix'60min
vix'daily3
Summary
*the morning flash-spike remains something of an anomaly.
--
Not much to add..VIX remains low..whilst equities remain broadly very bullish.
-
more later..on those indexes
vix'60min
vix'daily3
Summary
*the morning flash-spike remains something of an anomaly.
--
Not much to add..VIX remains low..whilst equities remain broadly very bullish.
-
more later..on those indexes
Closing Brief
The US equity market closed moderately higher, with the sp +11pts @ 1837. The two leaders - Trans/R2K, settled higher by 0.7% and 0.9% respectively. Near term outlook is for a weekly close in the sp'1850s, with further upside next week, into the 1860/80 zone.
sp'60min
Summary
*price structure is a baby bull flag on the hourly cycle
---
Today felt exceedingly...difficult...although at least Mr Market was acting..as I had expected.
Right now, I don't think we'll be <1800 until the summer. Go dwell on that thought for a few hours.
--
the usual bits and pieces across the evening.
sp'60min
Summary
*price structure is a baby bull flag on the hourly cycle
---
Today felt exceedingly...difficult...although at least Mr Market was acting..as I had expected.
Right now, I don't think we'll be <1800 until the summer. Go dwell on that thought for a few hours.
--
the usual bits and pieces across the evening.
3pm update - closing hour jump?
The market has seen the smaller 5/15min cycles floor in the sp'1834s, and there is now clear upside into the close, with a daily close in the 1840s still viable. Metals remain weak (as usual), Gold -$8. VIX looks set to melt lower into the close, perhaps settling in the upper 12s.
sp'15min
Summary
*a daily close >1841 would be very bullish for tomorrow, and indeed..rest of the week.
--
Not much else to add right now.
FOMC mins' due tomorrow, and that might even be enough to kick the market into the 1850s...no doubt bemusing all those still shorting the market. Urghh
-
Notable weakness... TWTR and NFLX, both -6%
-
3.23pm..the question is not so much how will the market fall, but...why wouldn't the market just keep on rising?
sp'1838...just another 3pts to set up tomorrow...and the rest of the week.
STX +3.6%...and looking strong
3.38pm...market in melt mode...with a micro snap higher within the next 5-10mins....awaiting the 1840s.
sp'15min
Summary
*a daily close >1841 would be very bullish for tomorrow, and indeed..rest of the week.
--
Not much else to add right now.
FOMC mins' due tomorrow, and that might even be enough to kick the market into the 1850s...no doubt bemusing all those still shorting the market. Urghh
-
Notable weakness... TWTR and NFLX, both -6%
-
3.23pm..the question is not so much how will the market fall, but...why wouldn't the market just keep on rising?
sp'1838...just another 3pts to set up tomorrow...and the rest of the week.
STX +3.6%...and looking strong
3.38pm...market in melt mode...with a micro snap higher within the next 5-10mins....awaiting the 1840s.
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