VIX'daily3
Summary
Little to add.
VIX remains low, and will probably remain under the big 20 threshold until at least mid October.
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more later... on the indexes
Monday, 8 September 2014
Volatility holds moderate gains
With equities a little weak, the VIX managed to hold moderate gains, settling higher by 4.7% @ 12.66. It is notable that VIX continues to struggle to break and hold the low teens. Near term outlook is for VIX to remain within the 13/10 zone.
VIX'daily3
Summary
Little to add.
VIX remains low, and will probably remain under the big 20 threshold until at least mid October.
-
more later... on the indexes
VIX'daily3
Summary
Little to add.
VIX remains low, and will probably remain under the big 20 threshold until at least mid October.
-
more later... on the indexes
Closing Brief
A relatively quiet start to the week, with minor weak chop across much of the day, sp -6pts @ 2001 (intra low 1995). The two leaders - Trans/R2K, settled -0.3% and +0.2% respectively. Near term outlook is for broad continued upside to the sp'2030/50 zone.
sp'60min
Summary
Little to add.
The real action today was in the precious metals and Oil, both significantly lower. The former is adversely affecting the miners... the latter... really damaging some of the energy stocks - like CHK, RIG, and SDRL.
--
Meanwhile.... over at Mt. Doom (Iceland)
The Bardarbunga caldera continues to collapse... I don't think this is going to end well for NW Europe.
Bullish personal air filters?
--
more later... on the VIX
sp'60min
Summary
Little to add.
The real action today was in the precious metals and Oil, both significantly lower. The former is adversely affecting the miners... the latter... really damaging some of the energy stocks - like CHK, RIG, and SDRL.
--
Meanwhile.... over at Mt. Doom (Iceland)
The Bardarbunga caldera continues to collapse... I don't think this is going to end well for NW Europe.
Bullish personal air filters?
--
more later... on the VIX
3pm update - moderate weakness
US equities continue to see some weakness, but it certainly is not significant. Price action remains the same across the last few weeks... broadly stuck in the sp'2011/1990 zone. Metals and Oil both set to close significantly lower... largely due to the strong USD.
sp'60min
Summary
*I remain very reluctant to add any annotations to the hourly cycle. I think many are still losing sight of the bigger picture.. which remains strongly to the upside.
--
So...minor 'weak chop' into the close.
I don't expect 1990 breaking any time soon.
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Notable weakness; CHK & SDRL, both -2.8%...the lower oil prices are not helping.
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ps... the full moon is just now rising over the city... its quite a sight.
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3.03pm.. Consumer credit jumps 9.7% in August... but hey... a debt based economy...that is sustainable...yes?
Market clawing back for an sp'2000 close.
3.28pm... sp' sure does want to close at the 2000 threshold. Understandably... the bears will be disappointed.
*guess on clown finance TV was earlier touting 1930/00..then a bounce.. and then 1700s.. before year end.
sp'60min
Summary
*I remain very reluctant to add any annotations to the hourly cycle. I think many are still losing sight of the bigger picture.. which remains strongly to the upside.
--
So...minor 'weak chop' into the close.
I don't expect 1990 breaking any time soon.
-
Notable weakness; CHK & SDRL, both -2.8%...the lower oil prices are not helping.
-
ps... the full moon is just now rising over the city... its quite a sight.
-
3.03pm.. Consumer credit jumps 9.7% in August... but hey... a debt based economy...that is sustainable...yes?
Market clawing back for an sp'2000 close.
3.28pm... sp' sure does want to close at the 2000 threshold. Understandably... the bears will be disappointed.
*guess on clown finance TV was earlier touting 1930/00..then a bounce.. and then 1700s.. before year end.
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