VIX'60min
VIX'daily3
Summary
Little to add.
VIX has seen a moderate net daily gain, but broadly, looks set to resume cooling mode, not least if we're trading in the sp'2000s next week.
-
more later.. on the indexes
Wednesday, 9 September 2015
VIX moderately higher
With equities closing significantly weak, the VIX settled +5.3% @ 26.23. There was a notable opening reversal candle, with a new multi-week low of 21.51. Near term outlook is for renewed equity upside into the sp'2000s, which should equate to VIX in the teens.
VIX'60min
VIX'daily3
Summary
Little to add.
VIX has seen a moderate net daily gain, but broadly, looks set to resume cooling mode, not least if we're trading in the sp'2000s next week.
-
more later.. on the indexes
VIX'60min
VIX'daily3
Summary
Little to add.
VIX has seen a moderate net daily gain, but broadly, looks set to resume cooling mode, not least if we're trading in the sp'2000s next week.
-
more later.. on the indexes
Closing Brief
US equity indexes closed significantly weak, sp -27pts @ 1942 (intra high 1988). The two leaders - Trans/R2K, settled lower by -0.7% and -1.2% respectively. Near term outlook is for renewed upside... at least to the sp'2000/2010 zone.
sp'60min
Summary
*closing hour: a real train wreck, with increasing weakness into the close.
--
Well, an AAPL reversal was not unexpected, but I sure didn't expect the main market to see this degree of weakness into the close
The swing from the morning high of 1988 to 1937... a full 51pts... 2.5%... pretty powerful.
Despite today, the broader outlook into FOMC week remains unchanged... I'm still seeking renewed upside to the sp'2000s.
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*I hold long overnight, via DIS and USO.
--
more later... on the VIX
sp'60min
Summary
*closing hour: a real train wreck, with increasing weakness into the close.
--
Well, an AAPL reversal was not unexpected, but I sure didn't expect the main market to see this degree of weakness into the close
The swing from the morning high of 1988 to 1937... a full 51pts... 2.5%... pretty powerful.
Despite today, the broader outlook into FOMC week remains unchanged... I'm still seeking renewed upside to the sp'2000s.
-
*I hold long overnight, via DIS and USO.
--
more later... on the VIX
3pm update - post AAPL depression
After an initial ramp to $114.00, AAPL has seen a somewhat unsurprising reversal to the downside.. and now looks vulnerable to the 109s.. whether at the close or early Thursday. Despite the equity decline from sp'1988 to the low 1950s, it does nothing to negate the broader upward battle from 1867.
AAPL, 60min
sp'60min
Summary
So... a rather classic reversal in AAPL... and it was one reason I wanted out of AAPL yesterday morning. Many are well aware of how AAPL can trade lower after such an event.
--
I hold long DIS and USO overnight. Naturally, I am early on both entries, but I'm content with the entry levels, and I should be able to claw out of those across the next few days.
Yours.. in the trenches... flak jacket on.
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Oh noes........... CRAZY IVAN !!!
--
:)
3.29pm... sp -15pts.. 1953..... moderate weakness, and unless you think the market is going to break before the FOMC.. this is merely a place for bears to exit and/or bulls to re-long.
back at the close.
AAPL, 60min
sp'60min
Summary
So... a rather classic reversal in AAPL... and it was one reason I wanted out of AAPL yesterday morning. Many are well aware of how AAPL can trade lower after such an event.
--
I hold long DIS and USO overnight. Naturally, I am early on both entries, but I'm content with the entry levels, and I should be able to claw out of those across the next few days.
Yours.. in the trenches... flak jacket on.
-
Oh noes........... CRAZY IVAN !!!
--
:)
3.29pm... sp -15pts.. 1953..... moderate weakness, and unless you think the market is going to break before the FOMC.. this is merely a place for bears to exit and/or bulls to re-long.
back at the close.
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